# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69C: Key concepts

Extent: E+W+S+N.I.

(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.
(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.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69C (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.