CG41303 - Unit and investment trusts: authorised investment funds: qualifying investor schemes
An AIF 鈥� whether an authorised unit trust or an OEIC 鈥� may also be aqualified investor scheme (QIS). QIS funds have wider investment and borrowing powers thanother AIFs can only be marketed to 鈥榪ualified鈥� investors 鈥� see CTM48800onwards. The tax treatment of a QIS as an entity is the same as for other AIFs, butspecial rules apply to investors in QIS funds: see CTM48800 onwards for details.