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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order approves Rules made by the Insurance Brokers Registration Council under section 12 of the Insurance Brokers (Registration) Act 1977 and paragraph 6(1), (2) and (3) of the Financial Services Act 1986. They amend the Rules approved by the Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) Rules Approval Order 1987 (S.I. 1987/1496) by extending the scope of the professional indemnity insurance requirements and the Grants Scheme to all categories of investment business which practising registered brokers and enrolled bodies corporate are permitted to undertake.