The Open-Ended Investment Companies Regulations 2001

• Appoint a depositary and entrust all scheme property for safekeepingTrader

• Ensure sub-fund assets are legally ring-fenced and separateTrader

• Provide false or misleading information in authorisation applicationAny Person

Unlimited fine

• Provide full particulars of proposed directors in authorisation applicationApplicant

• Meet all authorisation requirements for an open-ended investment companyTrader

• Get FCA approval before changing your OEIC's nameTrader

• Choose a company name that is not prohibitedTrader

• Notify FCA of specified proposed changes and wait for approvalTrader

• Notify FCA before converting a feeder UCITS into a non-feeder UCITSTrader

• Fail to register dissolution documents on timeAny Person

Fine up to £200

• Consider employee interests alongside shareholder interestsDirector or Officer

• Keep directors' service contracts available for shareholder inspectionTrader

• Hold an annual general meeting each yearTrader

• Prepare and deliver share certificates when requiredTrader

• You cannot issue bearer shares after 1 January 2021Trader

• Display company name legibly on letters, documents and websiteTrader

• Display company details on letters, documents and websitesTrader

• Avoid personal liability when acting for an unregulated ICTrader

• Carry on business with intent to defraud creditorsAny Person

Unlimited fine

• Prepare annual and half-yearly reports for your OEICDirector or Officer

• Include audited accounts in your annual report to shareholdersTrader

• Company or officer liable for regulatory offenceDirector or Officer

Unlimited fine

• Accept probate documents as sufficient evidence of grantTrader

• Directors must appoint the depositary for an OEICDirector or Officer

• Act on depositary's cessation statement within 14 daysTrader

• Include required statements and provisions in your OEIC's instrument of incorporationTrader

• Include required details in your OEIC’s instrument of incorporationDirector or Officer

• Keep a register of shareholdersTrader

• Keep an index of shareholders and update it within 14 daysTrader

• Allow shareholders to inspect the register and get a free copy of their entryTrader

• Keep shareholder register complete and up to dateTrader

• Maintain register of shareholders with daily updatesTrader

• Include monthly statement of bearer shares in shareholder registerTrader

• Keep your shareholder register available for inspection at head officeTrader

• Cancel shares transferred to the companyTrader

• Require evidence for designated person's share transfers and adjust registerTrader

• Verify authenticity of electronic share transfer instructionsTrader

• Only register share transfers when proper transfer documents are deliveredTrader

• Register share transfers promptly when valid conditions metTrader

• Give written notice if you refuse to register a share transferTrader

• Fix auditors' pay via shareholder vote or board decisionTrader

• Notify the FCA within 14 days of removing your auditorTrader

• Notify auditors and circulate representations on removal/appointment resolutionTrader

• Send auditor's resignation notice to the FCA within 14 daysTrader

• Convene meeting and circulate auditor's resignation statement to shareholdersTrader

• Send auditor's resignation statement to shareholders or apply to court within 14 daysTrader

Unlimited fine

• Act as auditor when ineligible or fail to notify vacatingAny Person

Unlimited fine

• Appoint an auditor annually and for first appointmentTrader

• Give false or misleading information to company auditorsDirector or Officer

Unlimited fine