SDLTM24715 - Co-ownership Authorised Contractual Scheme (CoACS): Introduction
Authorised contractual schemes are a form of tax transparent fund that is an ‘authorised fund’ and a flexible alternative to unit trusts and open-ended investment companies. CoACSs were first introduced in 2013. They must be authorised by the Financial Conduct Authority (FCA) and the operator and depositary of a CoACS must also be an FCA authorised person.
Further guidance can be found at SDLTM31310 .
More information about CoACSs can be found in the Investment Funds Manual at IFM08000