BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Insurance Brokers Registration Council (Conduct of Investment Business) Rules Approval Order 1988 No. 950 URL: http://www.bailii.org/uk/legis/num_reg/1988/uksi_1988950_en.html |
||
[New search] [Help]
Statutory Instruments
INSURANCE
Made
26th May 1988
Laid before Parliament
27th May 1988
Coming into force
21st June 1988
The Secretary of State, in exercise of the powers conferred by sections 27(1) and 28(1) of the Insurance Brokers (Registration) Act 1977(1) and of all other powers enabling him in that behalf, hereby makes the following Order:
1. This Order may be cited as the Insurance Brokers Registration Council (Conduct of Investment Business) Rules Approval Order 1988 and shall come into force on 21st June 1988.
2. The Insurance Brokers Registration Council (Conduct of Investment Business) Rules 1988 made on 24th May 1988 by the Insurance Brokers Registration Council in exercise of their powers under section 11 of the 1977 Act and paragraph 6(1), (2) and (3) of Schedule 15 to the Financial Services Act 1986(2) are hereby approved.
Francis Maude
Parliamentary Under-Secretary of State,
Department of Trade and Industry
26th May 1988
(This note is not part of the Order)
This Order approves Rules made by the Insurance Brokers Registration Council in exercise of their powers under section 11 of the Insurance Brokers (Registration) Act 1977 and paragraphs 6(1), (2) and (3) of the Financial Services Act 1986. The Rules approved by this Order were made by the Council pursuant to their interim recognition as a professional body by the Securities and Investments Board under section 18 of, and paragraph 4 of Schedule 15 to, the Financial Services Act.
The Rules include provision for:
(a)the authorisation by virtue of a certificate granted under these Rules of registered insurance brokers to carry on certain investment business;
(b)the issue, withdrawal and enforcement of such certificates; and
(c)the conduct of investment business, client relations and record-keeping by certified persons.
Copies of the Rules may be obtained from the Insurance Brokers Registration Council, 15 St Helen's Place, London EC3A 6DS.
