# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85D: The investment condition

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

(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 50% of the gross asset value of the authorised investment fund.
(2) This regulation is subject to regulation 85E.

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