The Investment Bank (Amendment of Definition) Order was made and took effect on 7 February. It amends the Banking Act 2009 to provide that use of the term “assets” in section 332 includes money, but not anything held by an institution for the purposes of carrying on insurance mediation activity that has no investment activity element, unless the institution has elected to hold the assets in compliance with FSA’s investment client money rules. (Source: 2011 No. 239)