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HMRC internal manual

Investment Funds Manual

IFM09705 - Administrative requirements: Introduction

The ongoing obligations placed on the operator of a scheme after it has entered the RIF regime are set out below:

  • In relation to the preparation of accounts (IFM09710)
  • Provision of information to investors (IFM09720)
  • Provision of information to other RIFs etc (IFM09730)
  • Provision of information to HMRC (IFM09740)
  • Further information to be provided to HMRC (IFM09750)
  • Make notification to investors and HMRC in certain circumstances (IFM09760)

If the operator fails to comply with these obligations they may be subject to a penalty (IFM09770+).