# The Authorised Investment Funds (Tax) (Amendment) Regulations 2010, Regulation 26: Transitional provisions relating to entry into the FINROF regime: the second case


(1) This regulation applies to an authorised investment fund which holds investments in an offshore fund that is reasonably expected by the manager of the authorised investment fund to gain distributing fund status under the transitional rules in paragraph 3 of Schedule 1 to the Offshore Fund (Tax) Regulations 2009.
(2) Investments in the offshore fund mentioned in paragraph (1) shall be treated as investments in a reporting fund for the purposes of Part 6A of the principal Regulations (inserted by these Regulations).
(3) In this regulation “offshore fund” and “reporting fund” have the meanings given in regulation 85C of the principal Regulations (inserted by these Regulations).

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Source: https://www.legislation.gov.uk/uksi/2010/294/regulation/26 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2010/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.