[F1Entry into FINROF regime: the basic ruleU.K.
This section has no associated Explanatory Memorandum
85G. This Part applies to an authorised investment fund from—
(a)the date on which the fund first met the condition in regulation 85D (the investment condition); or
(b)the date specified in the notice given under regulation 85F (elective FINROFs),
whichever is the earlier.]
Textual Amendments
F1Pt. 6A inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 21 (with regs. 25, 26)