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  1. Point in time
    2006-05-06

investment business compensation scheme

(as defined in article 2(2) of the compensation transitionals order) any of the following:

  1. (a) the scheme established under section 54 of the Financial Services Act 1986 and known as the Investors Compensation Scheme;
  2. (b) the scheme established under section 22j of the Grey Paper published by the FSA on 26 September 1998 and known as the Section 43 Compensation Scheme;
  3. (c) the scheme established by chapter II of part L:VIII of the PIA rule book and known as the PIA Indemnity Scheme;
  4. (d) the scheme resulting from an agreement dated 1 February 1999 between the Association of British Insurers and the Investors Compensation Scheme Limited for the making of payments by way of compensation to widows, widowers and dependants of persons (since deceased), in connection with advice given to such persons in relation to pensions, or the arranging of pensions for such persons, and known as the ABI/ICS scheme. 3