Schedule 3, Part 15 Amendment of Investor Compensation Act 1998

1.

Section 2

(a) In subsection (1), insert the following definition after the definition of "Act of 1995":

" ‘administration', in relation to a collective investment scheme, includes (but is not limited to)—

(a) performing a valuation service, and

(b) performing a fund accounting service, and

(c) acting as a transfer agent, and

(d) acting as a registration agent;";

(b) in subsection (1), substitute the following definition for the definition of "administrator":

" ‘administrator', in relation to an investment firm, means an administrator of the firm appointed under section 33 or 33A;";

(c) in subsection (1), insert the following definition after the definition of "close relative":

" ‘Companies Acts' means the Companies Act 1963 as amended from time to time, and includes all Acts