Section 24A Investment companies with variable capitalF1
United Kingdom
An investment company with variable capital is an authorised person as respects—
investment business which consists in operating the collective investment scheme constituted by the company; and
any investment business which is carried on by the company in connection with or for the purposes of operating that scheme.
Annotations
Textual amendments
- F1
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S. 24A inserted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 11
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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings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 Part I
Modifications
- C1
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Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2
- C2
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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)
Notes on Chapter III
Modifications
- C1
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Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5