Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

unregulated collective investment scheme Ucis

A Ucis fund is an investment vehicle set up for asset classes that are unable to follow the UK's Financial Services Authority's (FSA's) specific rules on matters such as liquidity, leverage or cash reserves. Although Ucis  themselves are not directly authorised by the FSA, persons carrying on activities related to Ucis funds are themselves subject to FSA regulations.


Ucis in the news

In June 2013 the UK's new financial regulator, the Financial Conduct Authority, banned the promotion of Ucis funds...