The Law Reports (Queen's Bench Division)
[1998] QB 963
[COURT OF APPEAL]
REGINA v. INVESTORS COMPENSATION SCHEME LTD., Ex parte TAYLOR
1997 Nov. 3,
4;
Dec. 4
Dec. 4
Beldam and Potter L.JJ. and Sir John Balcombe
Financial Services
— Compensation
— Statutory scheme
— Investment made before scheme coming into effect misappropriated by broker
— Applicant ignorant of misappropriation reinvesting after establishment of scheme
— Whether claim for compensation based on civil liability incurred after scheme came into force
— Whether compensation payable
—
Financial Services Act 1986 (c. 60), s. 54
—
Financial Services (Compensation of Investors) Rules 1990, r. 1.02(3)