{
  "url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2007/regulation-2",
  "json_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2007/regulation-2.json",
  "legislation": "uksi/2007/683",
  "legislation_title": "The Authorised Investment Funds (Tax) (Amendment) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2007",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Authorised Investment Funds (Tax) Regulations 2006",
  "text": "(1) Regulation 52A of the Authorised Investment Funds (Tax) Regulations 2006 is amended as follows.\n(2) For paragraph (1) substitute—\n“(1) This regulation applies if—\n(a) conditions A to C are met, and\n(b) either condition D or E is met.”.\n(3) In paragraph (6) after “But” insert “for the purposes of paragraph (5)”.\n(4) Insert the following paragraph after paragraph (6)—\n“(6A) Condition E is that the participant is a financial trader who—\n(a) owns units which represent rights to 10% or more of the net asset value of the authorised investment fund, and\n(b) does not own those units as a nominee or bare trustee.”.\n(5) For paragraph (11) substitute—\n“(11) In this regulation—\n“financial trader” means a participant who meets condition C (see paragraph (4));\n“long-term business” and “long-term insurance fund” have the same meanings as in Chapter 1 of Part 12 of ICTA (insurance companies etc.).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2006/964; regulation 52A was inserted by S.I. 2006/3239."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/683/regulation/2",
    "retrieved_at": "2026-10-29T03:59:00.611445+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}