Regulation 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^f1.”.

Annotations

Footnotes

f1: 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).