SCHEDULE 9AMENDMENTS OF FINANCIAL SERVICES ACT
Conduct of business
15.
Section 54 of the Act80 (compensation fund) shall have effect as if—
(a)
it included provision that rules establishing a scheme under that section may include in the scheme provision for compensating investors in cases where persons who are or have been European institutions are unable, or likely to be unable, to satisfy claims in respect of any civil liability incurred by them in connection with home-regulated investment business carried on by them in the United Kingdom; and
(b)
any reference in subsection (2) to authorised persons included a reference to European institutions carrying on home-regulated investment business in the United Kingdom.