TAILIEUCHUNG - Provided by RBS Collective Investment Funds Limited

The European Commission is expected to finalise the bulk of the AIFMD level 2 implementing measures in the second trimester of 2012. Then the onus will be on the Luxembourg lawmakers to push ahead in the remaining months of 2012 to draft the new legal texts required to transpose the EU framework into local law. The ultimate deadline to transpose the AIFMD is July 2013. SIF law In Luxembourg the industry is ready to embrace an update of the Specialized Investment Fund (SIF) law, that will introduce some significant changes to the SIF regime, such as the requirement for pre-approval of the SIF before launch, the possibility to cross-invest between subfunds in the. | Supplementary Information Document SID Investment Funds Provided by RBS Collective Investment Funds Limited y DDC 5ft kdd The Royal Bank of Scotland Here for you About this document This document is designed to provide you with information about Investment Funds. Please read it alongside the two-page Key Investor Information Document KIID . Together these two documents provide information to help you decide if this investment is right for you and provide answers to some important questions. Contents About this document 2 Welcome to Investment Funds 3 How Investment Funds work 3 Who is Investment Funds suitable for 3 Flexibility of the funds 3 The risks 4 Your choice of funds 4 How to invest 5 Your options 5 Stocks and Shares ISA vs Cash ISA 5 How to make a payment 5 Cash Held 5 Trading cut-off point 6 Withdrawing from a fund 6 Product charges 6 Potential returns 7 How your investment is taxed 7 What happens if you change your mind 8 What to do if you have a complaint 8 Your classification 8 Your questions 9 How to contact us 9 2 Welcome to Investment Funds Investment Funds offer a way of investing in Stocks and Shares and other assets with a choice of six funds. Depending on your objectives you can invest for income or growth or a combination of the two. The value of your investment and any income can go down as well as up and you should be aware that you may not get back the value of your original investment. How Investment Funds work There are six funds available which invest in stocks and shares and other assets such as bonds property and cash. The mix of assets the funds invest in will vary depending on whether the aim is income or growth. You can choose to invest in any combination of the six funds with the aim of providing income growth or a combination of the two. When the assets increase in value - or pay a dividend or interest - the value of the fund increases and so too does the value of your investment. If however those assets decrease in value so too .

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