As announced at Budget 2015, the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order, SI 2015/754, will allow social investment tax relief funds to be promoted direct to the general public in the same way as enterprise investment scheme funds with effect from 13 April 2015. The changes categorise investments eligible for social investment tax relief as not falling within the definition of collective investment schemes, and therefore not subject to the restrictions on promotion which apply to those schemes.
As announced at Budget 2015, the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order, SI 2015/754, will allow social investment tax relief funds to be promoted direct to the general public in the same way as enterprise investment scheme funds with effect from 13 April 2015. The changes categorise investments eligible for social investment tax relief as not falling within the definition of collective investment schemes, and therefore not subject to the restrictions on promotion which apply to those schemes.
