# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85A: FINROFs


(1) This Part applies to—
(a) an authorised investment fund which meets the investment condition in regulation 85D (the investment condition);
(b) an authorised investment fund in respect of which an election has been made in accordance with regulation 85F (elective FINROFs);
(c) a participant in a fund mentioned in paragraph (a) or (b); and
(d) a participant in a fund which has left the FINROF regime, where the participant has not made a valid election under regulation 85Z11 (participant’s power to elect for deemed disposal).
(2) A fund to which this Part applies shall be known as a Fund Investing in Non-Reporting Offshore Funds (“FINROF”).

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/85A (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-85A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.