Part I U.K. Regulation of Investment Business

Modifications etc. (not altering text)

C1 Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2

C2 Pt. I (ss. 1–128): power to modify conferred (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 89, 124(3), Sch. 14 para. 9(c)

Chapter III U.K. Authorised Persons

Modifications etc. (not altering text)

C3 Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5

Valid from 06/01/1997

[ Investment companies with variable capital] U.K.

24A F1 Investment companies with variable capital U.K.

An investment company with variable capital is an authorised person as respects—

(a) investment business which consists in operating the collective investment scheme constituted by the company; and

(b) any investment business which is carried on by the company in connection with or for the purposes of operating that scheme.

Textual Amendments

F1 S. 24A inserted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 11