We are providing an update on our Brexit preparations and the continuity of investment management services following the UK’s departure from the European Union. When the UK leaves the EU, we expect that OEIC funds will lose their UCITS2 status. As far as we are aware there is currently nothing prohibiting EU and non-UK investors from remaining in an OEIC fund. While uncertainty remains regarding the UK’s departure from the EU, Columbia Threadneedle Investments has a comprehensive contingency planning programme in place to prepare for any potential impacts. Investor letter
1 OEIC stands for open-ended investment company. 2 UCITS stands for Undertakings for Collective Investment in Transferable Securities. UCITS provides a harmonised regulatory regime for the management and sale of mutual funds within the European Union.”