Common Investment Funds and Common Deposit Funds
About CIFs and CDFs, trustees' duties when making investments, model schemes and annual return forms.
Applies to England and Wales
This guidance explains:
- what Common Investment Funds (CIFs) and Common Deposit Funds (CDFs) are
- how they are regulated and how they are established
CIFs and CDFs are registered charities and offer other charities of all sizes a vehicle for the investment of their funds. This guidance applies to CIFs and CDFs in which a range of charities can invest.
This guidance is not intended to relate to Charitable Authorised Investment Funds (CAIFs), which are collective investment schemes authorised by the Financial Conduct Authority and registered as charities with the Charity Commission.
The guidance on this page should not be taken as representing the Commission’s policy regarding CAIFs.
Further information regarding the Commission’s CAIF policy will be issued separately.
Published 1 July 2014