§ Amendments made: No. 133, in page 58, line 9, leave out paragraph (b) and insert
- '(b) does not satisfy the requirements mentioned in section 78(1) above and in relation to which there is no relevant order under section 79(1) above'.
§
No. 134, in page 58, line 17, leave out from '(3)' to `must' in line 18 and insert
'Subject to subsection (3A) below, the operator and the trustee, if any,'.
§ No. 135, in page 58, line 22, after 'by', insert 'or associated with.'
§ No. 136, in page 58, line 24, leave out paragraph (b).
§
No. 137, in page 58, line 29, at end insert—
'(3A) Subsection (3) above does not apply to an operator or trustee who is an authorised person and not prohibited from acting as operator or trustee, as the case may be, by or under rules under section 45 above, by or under the rules of any recognised self-regulating organisation of which he is a member or by any prohibition imposed under section 60 above.'.
§
No. 138, in page 58, line 30, leave out from '(4)' to 'and' in line 31 and insert—
'If the operator is not an authorised person he must have a representative in the United Kingdom who is an authorised person and has power to act generally for the operator'.
§ No. 139, in page 58, line 42, leave out 'a stock' and insert `an investment'.
§ No. 140, in page 59, line 2, leave out from 'section' to '; and' in line 4.
§
No. 141, in page 59, line 5, 2, at end insert—
', taking references to the manager as references to the operator'.
§ No. 142, in page 59, line 6, leave out subsection (8).
§
No. 142A, in page 59, line 15, leave out from first 'operator' to second `the' in line 16 and insert—
'and with the omission of the requirement relating to the solicitor's certificate; and if the operator or trustee of any such scheme is to be replaced the operator, as the case may be, the trustee or, in either case'.
§
No. 143, in page 59, line 18, leave out subsection (10) and insert—
`(10) Section 77 above shall have effect in relation to a scheme recognised under this section as it has effect in relation to an authorised unit trust scheme, taking references to the manager as references to the operator.'. —[Mr. Howard.]