Modifications etc. (not altering text)
C1Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2
C2Pt. I (ss. 1–128): power to modify conferred (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 89, 124(3), Sch. 14 para. 9(c)
(1)In this Act, unless the context otherwise requires, “investment” means any asset, right or interest falling within any paragraph in Part I of Schedule 1 to this Act.
(2)In this Act “investment business” means the business of engaging in one or more of the activities which fall within the paragraphs in Part II of that Schedule and are not excluded by Part III of that Schedule.
(3)For the purposes of this Act a person carries on investment business in the United Kingdom if he—
(a)carries on investment business from a permanent place of business maintained by him in the United Kingdom; or
(b)engages in the United Kingdom in one or more of the activities which fall within the paragraphs in Part II of that Schedule and are not excluded by Part III or IV of that Schedule and his doing so constitutes the carrying on by him of a business in the United Kingdom.
(4)Parts I to IV of that Schedule shall be construed in accordance with Part V.
Modifications etc. (not altering text)
C3Definition in s. 1(2) applied by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 76(8) (as substituted by Finance Act 1991 (c. 31, SIF 63:1), s. 47(3)).