Regulation 85D The investment conditionF1
United Kingdom
(1)
The investment condition is met in relation to an authorised investment fund if the total amount invested in non-reporting funds or FINROFs is more than F250% of the gross asset value of the authorised investment fund.
(2)
This regulation is subject to regulation 85E.
Annotations
Textual amendments
- F1
Pt. 6A inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 21 (with regs. 25, 26)
- F2
Figure in reg. 85D(1) substituted (6.3.2011) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 5 (with reg. 8)