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  5. Authorised Unit Trust

Authorised Unit Trust

Definition of 'Authorised Unit Trust'

A unit trust scheme authorised by FSA. A UK unit trust must be authorised before it can be offered to the general public in the UK.

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Related Terms

Authorized Unit TrustTrust DeedCancellation PriceAccumulation and Maintenance TrustAuthorised CapitalAuthorised Corporate Director (ACD)Authorised PersonStrategic Business UnitAccumulation UnitsBargainBid PriceExit ChargeCollective Investment SchemesBook/BoxInternal MetricsSBUTariffable Unit (TU)Unit of AccountAITCAnnual Management Charge

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