The Corporate Collective Investment Vehicle (CCIV) focus group meeting was held via Webinar on 9 August 2022.
At this meeting, discussion points were:
An overview of the new company type known as a CCIV was provided.
A discussion with the group followed the overview with the following key points highlighted:
- DSPs questioned the need for the additional disclosure regarding AMIT eligibility.
- Consideration needs to be given to the scenario where a trust return that needs to be lodged by paper also needs to submit an AMIT schedule, which can only be lodged electronically.
Technical solution considerations
There was a broad discussion on whether to include the CCIV labels in the current AMIT return, or whether to build a new bespoke service for CCIV.
Business has confirmed that CCIVs and sub funds can have a substituted accounting period (SAP).
Members will receive a walkthrough of the draft Message Structure Table (MST), possibly along with a comparison to attribution managed investment trusts (AMITs).
Digital software providers (DSPs) expressed their interest in obtaining an early draft Business Implementation Guide (BIG), and mock-up data fields with ELS tags.
Key outcomes are available in Online services for DSPs.
No previous versions available.