- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
5. In regulation 32—
(a)in paragraph (1)(c) for “paragraph (2)” there shall be substituted “paragraphs (2) to (2B)”;
(b)in paragraph (1)(d) after “to him” there shall be inserted “, or a contributing third party,”;
(c)after paragraph (2)(b) there shall be inserted—
“(c)the name and address of any contributing third party; and
(d)the amount of the payment made or to be made by the contributing third party and the date, or as the case may require, dates on which payment of the whole or any part of that amount—
(i)was received, or
(ii)is expected to be received”;
(d)after paragraph (2) there shall be inserted—
“(2A) A person claiming credit under this Part for a contribution in relation to which there is a contributing third party shall have provided to the regulatory body or, if they are performing the functions specified in regulation 34(1) below, to the Commissioners the following information—
(a)the name and address of the contributing third party;
(b)the amount of the payment made or to be made by the contributing third party and the date, or as the case may require, dates on which payment of the whole or any part of that amount—
(i)was received, or
(ii)is expected to be received;
(c)the enrolment number of the approved body to whom the contribution was made.
(2B) A person claiming credit under this Part for a contribution in relation to which there is a contributing third party shall have informed the approved body to which the contribution is made of the name and address of the contributing third party.”; and
(e)for paragraph (3) there shall be substituted—
“(3) For the purposes of this Part where any qualifying contribution or income derived therefrom is transferred to a body as described in regulation 30(2)(d)—
(a)the body to whom the sum is transferred shall be treated as having received qualifying contributions of the amount concerned; and
(b)that body shall be treated as having received those qualifying contributions from the registered person or persons who originally paid them (but this shall not give rise to any further entitlement to credit in respect of those contributions).”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: