Sections 8-11: Investment assets Section 8: Transfer of eligible amount owing by virtue of a collective scheme investment
This section provides that an investment institution can transfer a dormant eligible amount owing by virtue of a collective scheme investment to an authorised reclaim fund, if the latter consents to it. Upon the transfer, the owner no longer has the right to payment of the amount against any investment institution, but rather has that right against the reclaim fund.
	If that person has died, whoever the right to payment from the investment institution would have passed on to has the right to payment from the reclaim fund.
	This section also defines the type of investment institutions that are and are not eligible to participate in the Scheme in relation to an amount owing by virtue of a collective scheme investment.