Contents > CTCL Seminar 15 June 2005
Page last published: 18 November 2005

Citicorp Trustee Company Limited
Child Trust Funds
Simplified Prospectus: universal marketing document, or just more words
Real Estate Investment in Central & Eastern Europe
European Seminar - in the Auditorium, 25 Canada Square, Canary Wharf, London E14 5LB
Wednesday 15 June 2005

Overview

We have seen a huge momentum within Europe to integrate the member states, for example regulations have been harmonized and promoters have been seeking a single service provider for their fund ranges in all jurisdictions. We have also seen new regulations and fund structures introduced in the UK with an increased emphasis by Management companies on property fund launches now that the FSA has permitted investment to be in 100% in real estate and the Revenue has allowed property fund to be included in an ISA wrapper. Some Managers are now also launching funds investing in European Real Estate. We also now have a new product, Child Trust Funds available for the first time in the UK.

As Europeans we must keep abreast of the regulatory and market changes and the opportunities it brings. In this context, I would like to welcome you to our first European Seminar for 2005.

There is an exciting line up of industry experts giving an overview of key changes from a practical and business perspective ranging from the product features of Child Trust Funds in the UK and more generally in all jurisdictions covering the new simplified prospectus regime and the features of the European Property Market.

If you would like to receive an invitation to the seminar, please contact one of the following:

Sean Quinn, London	European Head of Fiduciary Services	Tel: +44 (0)20 7500 5619	sean.quinn@citigroup.com
Bronwyn Wright, Dublin	European Head of Fiduciary Relationships	Tel: +353 1 622 2791	bronwyn.wright@citigroup.com
Dave Morrison, London	Fiduciary Relationship Manager	Tel: +44 (0)20 7500 8021	david.m.morrison@citigroup.com
Iain Lyall, London	Fiduciary Relationship Manager	Tel: +44 (0)20 7500 8356	ian.lyall@citigroup.com

Agenda

2:30 pm Tea/Coffee and Registration

3:00 pm Child Trust Funds Update

Miles Bingham, Family Investments

Why Government Introduced them?
Who Qualifies?
Government Contributions?
Advantages over conventional products
How System works?
Charges
Access to funds
Who will be the providers?

3:30 pm Simplified Prospectus: universal marketing document, or just more words?

Angus Milne, Investment Management Association (IMA)

Implications of the introduction of Simplified Prospectus for firms and investors
Simplified prospectus, or Key Features (Mark 2)?
Content - new information and changes to existing disclosure:

Scheme objectives & investment policy
Risk factors & the “typical investor”
Taxation
Historic Performance
Benchmarks
Projections

Disclosure of Charges:
Total Expense Ratio (TER)
Reduction in Yield (RIY) and the sunset clause
Portfolio Turnover

Other changes:
Dispatch to investors: offering or providing
Exemption for fund supermarkets
Different approach for marketing cross-border from the UK
Differences to approach in adoption of Rules across Europe
Non-UCITS funds

4:20 pm Break

4:35 pm Real Estate Investment in Central & Eastern Europe

Steven Shone, Real Estate Partner - CMS Cameron McKenna LLP, Moscow

The market and investment opportunities

Land Ownership

Title and peculiarities by region

Tenancies, leases and letting

Rent

Insurance

Assignment and sub-letting

Taxes and duties by region

5:05 pm 3d developments

Robert Easterbrook, 3d Investments Limited

Preview of new web based service

5:15 pm Questions and Answers

5:30 pm Close followed by evening drinks reception and canapés

The Speakers

Miles Bingham

Miles Bingham is the Marketing Director at Family Investments, the biggest selling Child Trust provider. Prior to this, Miles spent 6 years at Abbey (the last two as Head of Mortgage Marketing) and 5 years at HSBC originally joining their graduate scheme from Nottingham University.

Angus Milne

Angus is the senior adviser at the IMA responsible for issues relating to the distribution of retail products. His current brief includes the implementation of the simplified prospectus, ways of identifying and describing consumer risk, responding to FSA, HM Treasury, CESR and EU Commission proposals for the implementation of MiFID, and in working with the FSA and the IMA membership on the Treating Customers Fairly initiative. With ten years experience in the financial advisory sector and a further ten years with IMRO and FSA as a regulator of asset management firms, he has first hand experience of the practical implications of the issues under debate today.

Steven Shone

Steven co-ordinates CMS Cameron McKenna’s regional real estate and construction practice in Central and Eastern Europe. Steven was based in Poland for 11 years, where he built the leading team of real estate lawyers in the region. He moved to Moscow in 2003 to support our clients entering the Russian market. His personal practice is now focused on Russia and on cross-border work for international real estate investors, lenders, developers and corporate users.

Steven has practised commercial law for over 20 years, and has been practising in Central and Eastern Europe since 1992 where he is recognised as one of the leading real estate lawyers. His clients in the region include corporate end-users, developers and investors, international financial institutions, local and national government authorities and lenders.

Steven has consistently been rated as “highly recommended” in the European Legal 500, Global Counsel 3000 and other specialist publications rating lawyers by peer group surveys. He is a member of the European Council of the Urban Land Institute, the Law Society of England & Wales, CoreNET Global and the Institute of Directors”.

The material in this communication is for information purposes only. At the time of publication, this information was believed to be accurate, but neither Citibank nor Citicorp Trustee Company Limited makes any representation or warranty to any person as to the accuracy or completeness of the material contained herein. The material contained herein does not constitute in any way investment or legal advice or a recommendation reference or endorsement by Citibank or Citicorp Trustee Company Limited or any person or entity named herein.

Contents

Citicorp Trustee Company Limited Child Trust Funds Simplified Prospectus: universal marketing document, or just more words Real Estate Investment in Central & Eastern Europe European Seminar - in the Auditorium, 25 Canada Square, Canary Wharf, London E14 5LB Wednesday 15 June 2005

Citicorp Trustee Company Limited
Child Trust Funds
Simplified Prospectus: universal marketing document, or just more words
Real Estate Investment in Central & Eastern Europe
European Seminar - in the Auditorium, 25 Canada Square, Canary Wharf, London E14 5LB
Wednesday 15 June 2005