# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69Z8: Multiple breaches of separate conditions

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

(1) This regulation applies in relation to an open-ended investment company to which this Part applies if—
(a) there has been a breach of at least two of the conditions in regulation 9A or regulations 69E to 69N,
(b) at least one of the conditions breached is contained in a different regulation from that containing another of those breached, and
(c) there have been five breaches in a period of ten years beginning with the first day of the accounting period in which the first breach occurs.
(2) The Commissioners may give a termination notice to the company.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z8 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69Z8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.