SCHEDULES

SCHEDULE 30U.K.Amendments of Part 5 of FA 2014

PART 2 U.K.Promotion structures

15(1)Section 252 (duty of those notified to notify others of promoter‘s number) is amended as follows.U.K.

(2)After subsection (4) insert—

(4A)Where the notified client is a person who falls within the case described in paragraph 3 of Schedule 33A by virtue of acting under the instruction or guidance of the monitored promoter concerned, the notified client must also, within 30 days, provide the promoter reference number to—

(a)any person to whom the notified client has, since the monitoring notice in relation to the monitored promoter concerned took effect, communicated, for the purposes of any business (whether carried on by the notified client or not), information about a relevant proposal of the monitored promoter, and

(b)any person who the notified client might reasonably be expected to know has, since that monitoring notice took effect, entered into, or is likely to enter into, transactions forming part of relevant arrangements in relation to which that monitored promoter is a promoter.

(3)In subsection (5), for “Subsection (2) or (4) does not” substitute “ None of subsections (2), (4) or (4A) ”.