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Non-UCITS Retail Scheme (NURS)

Required to meet certain standards set by the UK financial services regulator, NURS are typically property or multi-asset funds that have been authorised to be sold to the public in the UK. They are not governed by the EU regulation of funds, as described under the UCITS Directive, as they invest in assets that the Directive does not allow.

The T. Bailey Funds are UCITS funds rather than NURS funds.

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