Section 8 Transfer of eligible amount owing by virtue of a collective scheme investment to reclaim fundI1I2C1C2

an investment institution transfers to an authorised reclaim fund a dormant eligible amount owing by virtue of a collective scheme investment, and

the reclaim fund consents to the transfer.

a person to whom the amount is payable immediately before the transfer ceases to have any right against any investment institution to payment of the amount, but

that person acquires against the reclaim fund a right to payment of the reclaim amount (see section 11).

under Part 4A of FSMA 2000 has permission to carry out activities of a kind mentioned in subsection (4),

owes the amount in the course of, or in connection with, carrying on activities covered by that permission, and

has its head office or an establishment in the United Kingdom,

article 51ZA (managing a UK UCITS);

article 51ZB (acting as trustee or depositary of a UK UCITS);

article 51ZC (managing an AIF);

article 51ZD (acting as trustee or depositary of an AIF).