Paragraph 14

United Kingdom

Managing, or offering or agreeing to manage, assets belonging to another person if—

(a)

those assets consist of or include investments; or

(b)

the arrangements for their management are such that those assets may consist of or include investments at the discretion of the person managing or offering or agreeing to manage them and either they have at any time since the date of the coming into force of section 3 of this Act done so or the arrangements have at any time (whether before or after that date) been held out as arrangements under which they would do so.

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)

Notes on Schedule 1

Modifications

C1: Sch. 1 amended by S.I. 1988/496, art. 4
C2: Sch. 1 amended by S.I. 1988/803, art. 5

Notes on Part II

Modifications

C1: Sch. 1 Pt. II modified (1.1.1996) by S.I. 1995/3271, art. 5