PART 2 Definition of “investment bank”

3 Amendment of the Banking Act 2009 in consequence of regulation 2
In section 232 of the Banking Act 2009 (definition of “investment bank”)—
(a) in subsection (2) after paragraph (a) insert—

“(aa) managing an AIF or a UCITS,
(ab) acting as trustee or depositary of an AIF or a UCITS,”

; and
(b) after subsection (2) insert—

“2A Subsection (2) must be read with section 22 of the Financial Services and Markets Act 2000, taken with Schedule 2 to that Act and any order under section 22.
See the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544), as amended by S.I. 2013/1773 (for the activity of managing an AIF or a UCITS see articles 51ZA and 51ZC, and for the activity of acting as trustee or depositary of an AIF or a UCITS see articles 51ZB and 51ZD).”

.