ACTIn ForceAct
Legal Profession Act 2006
378Claims against fidelity fund relating to managed
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378 Claims against fidelity fund relating to managed
investment schemes connected with solicitors
(1) This section applies to a person who entrusts money to a solicitor to
be invested in a managed investment scheme operated by a
responsible entity if the solicitor has a relevant interest in the scheme.
(2) The person is not entitled to make a claim against the fidelity fund to
obtain compensation for any financial loss arising from that
investment if the solicitor gave notice to the person in accordance
with section 377 (2) and (3) (Involvement of solicitors in managed
investment schemes).
relevant interest—see section 377 (7).