Regulation 69Z70 Termination by election: authorised investment fundF1

(1)

This regulation applies if a Tax Elected Fund gives a notice under this regulation electing that this Part is to cease to apply to the fund at the end of a specified accounting period.

(2)

This Part shall cease to apply to the fund at the end of that accounting period.

(3)

A notice under paragraph (1) must—

(a)

be given in writing to the Commissioners,

(b)

be given before the end of the accounting period specified in paragraph (1), and

(c)

give the reasons for the fund leaving the TEF regime.

Annotations

Textual amendments

F1: Pt. 4B inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 24