Status: You are viewing the version of the handbook as on 2009-03-31.

venture capital business

    the business of carrying on any of:

      1. (a) investing in, advising on investments which are, managing investments which are, arranging (bringing about) transactions in, or making arrangements with a view to transactions in venture capital investments;
      1. (b) advising on investments or managing investments in relation to portfolios, or establishing, operating or winding up collective investment schemes, where the portfolios or collective investment schemes (apart from funds awaiting investment) invest only in venture capital investments;
      1. (c) any custody activities provided in connection with the activities in (a) and (b);
      1. (d) any related ancillary activities.1