Umbrella Fund

A Fund in which the contributions of the Unitholders in the Fund and the profits or income out of which payments made to them are pooled separately in a number of Sub-Funds constituting separate parts of the Fund Property.

Undertaking

• (a) a Body Corporate; or
• (b) Partnership; or
• (c) an unincorporated association carrying on a trade or business, with or without a view to profit

Unit

A unit in or a share representing the rights or interests of a Unitholder in a Fund.

Unitholder

A Person who participates in a Fund.

UNSCR

United Nations Security Council Resolutions, as referenced in AML 12.1.

Unsolicited Real Time Financial Promotion

Has the meaning given in COB 3.4.2