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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2013 - onwards
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33B. Power to make regulations for return of investors' funds or investment instruments.

(1) The Minister may, following consultation with the Bank and the Company, make regulations providing for the return of investors' funds or investment instruments, as the case may be, following the appointment of an administrator, where the Minister considers it necessary to do so in order to provide for their efficient, equitable and prompt return.

(2) Regulations under subsection (1) may include provision for -

(a) the procedures and steps to be taken for the purpose of identifying, recording and, to the extent necessary, reconciling, the books, records or other documents of the investment firm to establish -

(i) the monies, investment instruments or documents of title relating to such investment instruments which are held or which ought to be held on behalf of clients by the investment firm or by its nominee, and

(ii) the claims of the clients of the investment firm against those monies, investment instruments or documents of title (whether or not those monies, investment instrumen

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