CATCo Reinsurance Opps Fund Ltd Non Mainstream Pooled Investments (0252B)
February 26 2014 - 11:15AM
UK Regulatory
TIDMCAT
RNS Number : 0252B
CATCo Reinsurance Opps Fund Ltd
26 February 2014
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Non Mainstream Pooled Investments
To: SFM, London Stock Exchange Date: 26 February 2014
and the Bermuda Stock Exchange
The Board of Directors notes the changes to the FCA rules
relating to the restrictions on the retail distribution of
unregulated collective investment schemes and close substitutes
which came into effect on 1 January 2014. The Board believes that
the Company and its shareholders will not be affected by these
changes.
The Board has received appropriate legal and accounting advice
which confirms that the Company's shares will qualify as an
'excluded security' under these new rules and will therefore be
excluded from the FCA's restrictions which apply to non-mainstream
investment products.
The Company is advised that its shares are excluded from the
FCA's restrictions which apply to non-mainstream investment
products principally because the Company has conducted its affairs
in such a manner that it would have qualified for approval by HMRC
as an investment trust had it been resident in the UK in its
previous accounting periods. The Company intends to conduct its
affairs so that this remains the case for the foreseeable
future.
-Ends-
For further information, please contact:
Jason Bibb, Director
CATCo Investment Management Ltd
Telephone: +1 441 531 2227
Email: jason.bibb@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0)20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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