Textual Amendments
F1Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5
69C.—(1) In this Part “entry” means the time when this Part begins to apply to an open-ended investment company.
(2) In this Part “cessation” means the time when this Part ceases to apply to an open-ended investment company.
(3) In this Part, in relation to an open-ended investment company—
(a)“F (pre-entry)” means the open-ended investment company before this Part begins to apply to it,
(b)“F (tax-exempt)” means the open-ended investment company in so far as it carries on property investment business (within the meaning of regulation 69F) while this Part applies to it,
(c)“F (residual)” means the open-ended investment company in so far as it carries on business other than property investment business while this Part applies to it, and
(d)“F (post-cessation)” means the open-ended investment company after this Part has ceased to apply to it.
[F2(4) In this Part, a “dedicated feeder fund” in relation to a property AIF means a fund which—
(a)is a unit trust scheme;
(b)is dedicated to investment in the property AIF for which it is a feeder fund (in accordance with its prospectus); and
(c)holds at least 85% of its assets in the form of shares in that property AIF.]]
Textual Amendments
F2Reg. 69C(4) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2012 (S.I. 2012/1783), regs. 1(1), 3