C

CCA
Consumer Credit Act, 1995 (as amended)

Collective Investment Scheme
A legally constituted vehicle (e.g. unit trust, investment company, investment limited partnership) which pools together funds subscribed by investors and these funds are invested, through professional managers, in a range of assets in accordance with the investment objectives and policy as set out in a prospectus. There are two broad categories of Collective Investment Schemes (CIS) - UCITS and Non-UCITS.

Common Contractual Fund
A collective investment undertaking, being an unincorporated body established by a management company, under which the participants by contractual arrangement participate and share in the property of the collective investment undertaking as co-owners, provided:
a) it is expressly stated in its deed of constitution to be established pursuant to the Investment Funds, Companies & Miscellaneous Provisions Act, 2005;
b) it holds an authorisation issued in accordance with the Investment Funds, Companies & Miscellaneous Provisions Act, 2005; and
c) it is not established pursuant to Council Directive No. 85/611/EEC of 20 December 1985, as amended from time to time.