SCHEDULES

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

PART 2 U.K.Promotion structures

17(1)Section 260 (intermediaries: duty to provide information about clients) is amended as follows.U.K.

(2)In the heading, after “Intermediaries” insert “ etc ”.

(3)In subsection (1)—

(a)the words from “a person” to the end become paragraph (a);

(b)at the end of that paragraph insert ;

(b)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.

(4)In subsection (3)(a) for “the intermediary” substitute “ the person to whom the notice is given ”.

(5)In subsection (5)—

(a)in the words before paragraph (a), for “the intermediary” substitute “ the person to whom the notice under subsection (1) is given (“R”) ”;

(b)in paragraph (a), for “the intermediary” substitute “ R ”.

(6)In subsection (6) for “the intermediary”, in each place it occurs, substitute “ R ”.