# Financial Services Act 1986 (repealed), Section 24A: Investment companies with variable capital

Extent: E+W+S+N.I.

An investment company with variable capital is an authorised person as respects—
(a) investment business which consists in operating the collective investment scheme constituted by the company; and
(b) any investment business which is carried on by the company in connection with or for the purposes of operating that scheme.

---
Source: https://www.legislation.gov.uk/ukpga/1986/60/section/24A (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/section-24A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.