Investment Clubs Manual013 - Q Can one member of an...

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Unformatted text preview: Q Can one member of an Investment club run off with the pooled funds? A To date, we know of no circumstance where this has happened. but in this world nothing is certain. If your club strictly follows the rules laid down in this Manual and conforms to all the requirements of its stockbroker agreement, excellent safeguards will be in place. Q Can an ISA (Individual Savings Account) be run through an investment club? A No, these schemes apply only to indivlduals. Q Does e club need to follow the PIC Rules and Constitution? A PIC has worked closely with all the relevant authorities, Including the Inland Revenue and APCIMS the stockbrokers' governing body, to produce an acceptable framework In which clubs can operate. When your club is formed you should immediately: - send a copy of your Rules and Constitution to PIC at: ProShare Investment Clubs, 4th Floor, Bankside House, 107 Leadenhall Street, London EC3 4AF; and - complete the registration form for the National Register of Investment Clubs on the www. ProShareClubscouk website. This confidential information will enable us to verify that your formation conforms with the appropriate requirements and will enable you to benefit from the full range of PIC services. Q Do I have to know e lot about the stock market before joining or starting up an investment club? A No. Many people join Investment clubs as a means of learning from and with others. Obviously it is a help to have a nucleus of members who understand the basics, but a considerable amount of guidance is available from PIC and through fellowship with other investment clubs. Q Is it possible to start In Investment dub oversees using The PIC Manual? A Yes. PIC has many registered Investment clubs operating overseas. Of course. you must check the tax situation locally and should also find out what the rules are relating to partnerships in your part of the world. October 2008 ProShare Investment Club THE MANUAL ...
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