F1PART 4APROPERTY AIFS
CHAPTER 6COMPLIANCE IN RELATION TO THE PROPERTY AIF REGIME
Holders of excessive rights
Information relating to holders of excessive rights69Z27
1
This regulation applies if an open-ended investment company to which this Part applies becomes aware that it has made a distribution to, or in respect of, a holder of excessive rights.
2
As soon as reasonably practicable, the company must provide the following information to the Commissioners—
a
the name of every person to whom, or in respect of whom, the distribution specified in paragraph (1) was made;
b
the address of every such person;
c
the amount or value of the distribution;
d
particulars of those persons’ interests in the company, including details of the percentage of rights to the net asset value of the company represented by the shares held by those persons;
e
the steps the company took to prevent the acquisition of any excessive holding; and
f
the steps the company has taken, or is taking, to ensure that there is no longer any excessive holding in the company.
Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5