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Item 11 - Variation of Permissions (CIV13/9)


This report provides the Committee with advanced notification that a written resolution will be circulated to all Shareholder Representatives shortly to seek agreement to LCIV applying to the FCA for a ‘Variation of Permissions’ to enable the Company to expand its activities to include the operation of Unauthorised Alternative Investment Funds.


The Committee is recommended to note the contents of this report and agree that LCIV:
i.    proceed to prepare a resolution for shareholder approval to extend the activity of the Company to manage both authorised and unauthorised Alternative Investment Funds (AIFs).