The managing trustee of a UK Exempt Unauthorised Unit Trust (EUUT) which is also an un unregulated collective investment scheme must be suitably authorised by the FCA. The cash and assets of an EUUT are held on trust by the managing trustee which must also therefore adhere to the FCA’s holding client money and assets rules.
EUUTs are a popular means by which tax exempt investors invest alongside others whilst preserving their tax exempt status and are commonly used to invest in limited partnerships where the underlying activity of the partnership is trading (not investment).
Crestbridge is a market leader in the provision of third party managing trustee services to the UK real estate industry, and also holds the necessary regulatory permissions to hold client money and assets. Founded on the sector expertise of our team of chartered surveyors, accountants and company secretaries in London, our clients include many of the UK’s largest pension funds as well as investment managers operating discretionary mandates on their behalf.