Regulation 3 Amendment of regulation 8

Regulation 8 (general interpretation) is amended as follows.

After the entry for “net asset value” insert—

• ““non-reporting fund” has the same meaning as in regulation 4(2) of the Offshore Funds Regulations;

• “offshore fund” means a fund within the meaning of section 355 of the Taxation (International and Other Provisions) Act 2010^f1;

• “Offshore Funds Regulations” means the Offshore Funds (Tax) Regulations 2009^f2;”.

After the entry for “prospectus”^f3 insert—

• ““reportable income” has the same meaning as in Chapter 5 of Part 3 of the Offshore Funds Regulations;”.

After the entry for “reporting date” insert—

• ““reporting fund” means an offshore fund to which Part 3 of the Offshore Funds Regulations applies”.