R v Investors Compensation Scheme Ltd, Ex parte Taylor

Additional names

Taylor, Ex parte

Subject Matter

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, s 54 — Financial Services (Compensation of Investors) Rules 1990, r 102(3)

[1998] QB 963; [1998] 3 WLR 36

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