Sprott Lithium Miners ETF – US85208P7096
For the purposes of the ISA regulations, Exchange Traded Funds (ETFs) are treated as collective investment schemes. As no such schemes are authorised by the FCA in the UK, only non-UK domiciled ETFs can qualify for ISA inclusion. Schemes must either be EEA based UCITS compliant schemes which are recognised by the FCA under section 236A FSMA 2000 and admitted to the FCA’s Temporary Marketing Permissions Regime (TMPR) or EEA/non-EEA schemes which are recognised under sections 270/272 FSMA 2000.
This scheme does not appear to have the necessary FCA recognition and will not therefore qualify for ISA inclusion.
As a general rule, US domiciled/registered ETFs do not qualify for ISA inclusion. Although, in theory, they could qualify if they were to apply for and receive the necessary FCA recognition as outlined above, we have not yet seen a US registered ETF that has this recognised status.
The actual listing for ISA purposes is irrelevant. It will need to be on the FCA register (i.e.. be FCA recognised) to qualify for ISA purposes (this one isn’t).
LITP Sprott Lithium Miners ETF (sprottetfs.com)
Sprott Lithium Miners ETF March 2023 Fact Sheet (sprottetfs.com)
sprott – Fund Search – FCA Register
Sprott Lithium Miners ETF (LITP) Latest Prices, Charts & News | Nasdaq