130[F1 Meaning of “company with investment business” and “investment company” in Part 4]U.K.
M1In this Part of this Act [F2—
“company with investment business” means any company whose business consists wholly or partly in the making of investments;]
“investment company”, means any company whose business consists wholly or mainly in the making of investments and the principal part of whose income is derived therefrom, but includes any savings bank or other bank for savings except any which, for the purposes of the M2Trustee Savings Bank Act 1985, is a successor or a further successor to a trustee savings bank.
Textual Amendments
F1S. 130 sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of Finance Act 2004 (c. 12), s. 38(4)
F2S. 130: definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by Finance Act 2004 (c. 12), s. 38(3)
Modifications etc. (not altering text)
C1 See—1988 s.338(6)—definition applied for purposes of s.338(3) (charges).1988 s.576(5)—definition applied for purposes of ss.573 to 576 (losses on unquoted shares in trading companies).Trustee Savings Banks Act 1985 (c.58) s.5and Sch.2 para.6(6).
Marginal Citations
M1Source—1970 s.304(5); 1980 Sch.11