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This form should be completed in order to invest in an ICVC outside an ISA.
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How to fill out Application for an ICVC

01
Begin by downloading the Application for an ICVC form from the official website or obtain a hard copy.
02
Fill out the personal details section with your name, address, and contact information.
03
Provide necessary identification documentation as specified in the form instructions.
04
Complete the investment details section, including the amount you wish to invest and any relevant financial information.
05
Review the terms and conditions of the ICVC and acknowledge your understanding by signing the declaration.
06
Submit the completed application form along with any required documentation to the appropriate authority or institution.

Who needs Application for an ICVC?

01
Individuals or entities looking to invest in a collective investment vehicle.
02
Financial advisors seeking to manage investment funds on behalf of clients.
03
Investment firms that want to create or manage an ICVC.
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For joint accounts Survivorship: Upon the death of one holder, the investments get transferred to the surviving joint holder(s). All holders deceased - nominee present: If all the joint holders are deceased, the nominee can claim the investments.
investment company with variable capital.
The acquisition cost for future disposals will be the value at the date of death. The deceased's share of jointly owned shares and collective investments will automatically transfer to the survivor without crystallising a gain.
When death occurs, the investments within these accounts are then sold and the beneficiary is paid the market value. If the beneficiary is a spouse or common law partner, they also have the option to keep the investments and have them transferred to their name.
An ICVC or Investment Company with Variable Capital is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Companies Regulations of the United Kingdom.
Complete the Probate Closure Form and select Option A to sell the investment(s). If you have not applied for Grant of Probate, please also complete either the Small Estates Form or the Small Balances Form (see page 04). Send the forms and any relevant documentation to us together with the Response Letter.

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An Application for an ICVC (Investment Company with Variable Capital) is a formal request submitted to the regulatory authority to establish a variable capital investment company under specific jurisdictional regulations.
The promoters or initiators of the investment company, which may include financial institutions or management companies intending to establish an ICVC, are required to file the application.
To fill out an Application for an ICVC, one must complete a standardized form provided by the regulatory authority, which includes details such as the company's objectives, structure, and proposed investment strategy, and submit it along with the necessary documentation.
The purpose of the Application for an ICVC is to seek regulatory approval to operate as a variable capital investment company, ensuring that it meets legal and financial regulations aimed at protecting investors.
The Application for an ICVC must report information such as the applicant's identity, the company’s proposed structure, investment strategies, management fees, target market, and any relevant financial projections.
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