# The Insurance Brokers Registration Council (Indemnity Insurance and Grants Scheme) (Amendment) Rules Approval Order 1990, Paragraph 5


Rule 6 of the Rules shall be amended by the addition of the following further proviso:—
“PROVIDED THAT no grant or application for a grant shall be made under the Grants Scheme in respect of losses resulting from relevant investment business before 28th August 1988 in connection with units in a regulated scheme as defined by rule 2 of the Conduct of Investment Business Rules, including shares in or securities of an open-ended investment company, as defined by Section 75(8) of the Financial Services Act 1986, or any rights to and interests in anything falling within the same”.

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Source: https://www.legislation.gov.uk/uksi/1990/2461/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/insurance-brokers-registration-council-indemnity-insurance-and-grants-scheme-amendment-rules-approval-order-1990/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.