{
  "url": "https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/schedule/part-2",
  "json_url": "https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/schedule/part-2.json",
  "legislation": "uksi/2006/964",
  "legislation_title": "The Authorised Investment Funds (Tax) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006",
  "path": "schedule/part/2",
  "kind": "part",
  "number": "2",
  "heading": "Index of expressions defined or otherwise explained in these Regulations",
  "text": "Accumulation unit\nRegulation 6(5)\nAcquiring company (in Chapter 2 of Part 6)\nRegulation 78(7)\nAlternative finance arrangements (in Part 3)\nRegulation 21(11)\nApplicant (in Part 4A)\nRegulation 69O(6)\nApplicant (in Part 4B)\nRegulation 69Z49(5)\nApplication (in Part 4B)\nRegulation 69Z49(5)\nAuthorised (in relation to unit trust schemes)\nRegulation 5(2)\nAuthorised corporate director\nRegulation 8\nAuthorised investment funds\nRegulation 3\nBalance of business conditions (in Part 4A)\nRegulation 69N\nBody corporate (in Part 4A)\nRegulation 69L(6)\nCapital profits, gains or losses (in Part 2)\nRegulation 12\nCessation (in Part 4A)\nRegulation 69C(2)\nCessation (in Part 4B)\nRegulation 69Z44\n. . .\n. . .\nCollective investment scheme\nRegulation 8\nCommissioners\nRegulation 8\nConsideration shares (in Chapter 2 of Part 6)\nRegulation 78(7)\nContract for differences (in Part 3)\nRegulation 21(9)\nCorporate ownership condition (in Part 4A)\nRegulation 69K\nCreditor relationship\nRegulation 8\nDedicated feeder fund\nRegulation 69C(4)\nDeduction obligation (in Part 4)\nRegulation 26(3)\nDerivative contract\nRegulation 8\n. . .\n. . .\n. . .\n. . .\n. . .\n. . .\nDistribution\nRegulation 15(1)(b)\n. . .\n. . .\nDistribution date\nRegulation 15(4)\nDistribution income (in Part 4B)\nRegulation 69Z56(1)(a)\nDistribution period\nRegulation 15(2)\nDiversely owned AIF\nRegulation 14E(2)\nDividend distribution\nRegulation 22(3)\n. . .\n. . .\nElective FINROF (in Part 6A)\nRegulation 85F\nEntry (in Part 4A)\nRegulation 69C(1)\nEntry (in Part 4B)\nRegulation 69Z44\nExcessive holding (in Part 4A)\nRegulation 69Z13(3)\nExchanged units (in Chapter 2 of Part 6)\nRegulation 78(7)\nExisting company notice (in Part 4A)\nRegulation 69O(6)\nExisting fund application (in Part 4B)\nRegulation 69Z49(5)\n. . .\n. . .\nFINROF (in Part 6A)\nRegulation 85A\nFund documents\nRegulation 9A(10)\nFuture company notice (in Part 4A)\nRegulation 69O(6)\nFuture fund application (in Part 4B)\nRegulation 69Z49(5)\nF (post-cessation) (in Part 4A)\nRegulation 69C(3)(d)\nF (pre-entry) (in Part 4A)\nRegulation 69C(3)(a)\nF (residual) (in Part 4A)\nRegulation 69C(3)(c)\nF (tax-exempt) (in Part 4A)\nRegulation 69C(3)(b)\nGenuine diversity of ownership condition ...\nRegulation 9A\nGross asset value (in Part 6A)\nRegulation 85C\nHolder of excessive rights (in Part 4A)\nRegulation 69Z13\nIncome allocation\nRegulation 15(1)(a)\nInformation notice (in Part 4B)\nRegulation 69Z67(2)\nInstrument constituting the fund\nRegulation 6(7)\ninstrument constituting the scheme\nregulation 6(7)\nInterest distribution\nRegulation 18(3)\nInvestment condition (in Part 6A)\nRegulation 85D\n. . .\n. . .\nInvestments\nRegulation 8\n. . .\n. . .\nLegal owner\nRegulation 6(1)\nLoan creditor condition (in Part 4A)\nRegulation 69M\nLoan creditor condition (in Part 4B)\nRegulation 69Z47\nLong-term asset fund\nRegulation 14DA(4)\nManager\nRegulation 6(3)\n. . .\n. . .\n. . .\n. . .\nNet asset value\nRegulation 8\nNet income (in Part 4A)\nRegulation 69Z\nNet income of F (residual) (in Part 4A)\nRegulation 69Z2\nNet income of F (tax-exempt) (in Part 4A)\nRegulation 69Z1\nNewly qualified company (in Part 4A)\nRegulation 69N(5)\n. . .\n. . .\nNon-reporting fund\nRegulation 8\n. . .\n. . .\nOffshore fund\nRegulation 8\n. . .\n. . .\nOffshore Funds Regulations\nRegulation 8\nOpen-ended investment company\nRegulation 4\nOwner of shares\nRegulation 8\nPAIF distribution (dividends) (in Part 4A)\nRegulation 69Z17(3)\nPAIF distribution (interest) (in Part 4A)\nRegulation 69Z16(3)\nParticipant\nRegulation 6(6)\nPre-distribution amount (in Part 4A)\nRegulation 69Z3\nPre-transfer accounting period (in Chapter 2 of Part 6)\nRegulation 79(1)\nProperty AIF\nRegulation 69A(2)\nProperty condition (in Part 4B)\nRegulation 69Z46\nProperty business income (in Part 4B)\nRegulation 69Z56(1)(c)\nProperty income distribution\nRegulation 69Z15(4)\nProperty investment business (in Part 4A)\nRegulation 69F(1)\nProperty investment income (in Part 4B)\nRegulation 69Z56(1)(b)\nProperty rental business (in Part 4A)\nRegulation 69H(1)\n. . .\n. . .\nProspectus\nRegulation 8\nQualifying certificate\nRegulation 35\nQualified investor scheme\nRegulation 14B(4)\nQualifying investments\nRegulation 20\nQualifying units (in another authorised investment fund) (in Part 3)\nRegulation 21(3)\nRefusal notice (in Part 4B)\nRegulation 69Z52(1)\nRelevant distribution (in Chapter 6 of Part 4A)\nRegulation 69Z29(1)(b)\nRelevant period (in Part 3)\nRegulation 19(2)\nReportable income\nRegulation 8\nReporting date\nRegulation 8\n. . .\n. . .\nReporting fund\nRegulation 8\nreputable intermediary condition (in Part 4)\nRegulation 27\nresidence condition (in Part 4)\nRegulation 30\nResidence declaration\nRegulation 8\nScheme property\nRegulation 6(2)\nSecurities (in Part 3)\nRegulation 21(2)\nSpecified accounting period (in Part 4A)\nRegulation 69Q(2)\nSpecified accounting period (in Part 4B)\nRegulation 69Z51(2)\n. . .\n. . .\nStatement of Recommended Practice\nRegulation 8\nTarget trust (in Chapter 2 of Part 6)\nRegulation 78(7)\nTax Elected Fund\nRegulation 69Z42(2)\nTax year\nRegulation 8\nTEF conditions (in Part 4B)\nRegulation 69Z45(a)\nTEF distribution (dividend) (in Part 4B)\nRegulation 69Z60(3)\nTEF distribution (non-dividend)\nRegulation 69Z61(3)\nTermination notice (in Part 4A)\nRegulation 69Z37(1)\nTermination notice (in Part 4B)\nRegulation 69Z70(1)\nTransfer date (in Chapter 2 of Part 6)\nRegulation 78(7)\nUK-REIT\nRegulation 69F(2).\nUmbrella company\nRegulation 7(1)\nUmbrella scheme\nRegulation 7(4)\nUnderlying subject matter (in Part 3)\nRegulation 21(6)\nUnit holder\nRegulation 5(3)\nUnit trust scheme\nRegulation 5(1)\nUnits\nRegulation 6(4)\nThe whole of the scheme property of an authorised unit trust that is available for transfer (in Chapter 2 of Part 6)\nRegulation 78(7)",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. Pt. 2 inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 7"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. Pt. 2 inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(i)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2012 (S.I. 2012/1783), regs. 1(1), 5"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ii)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iii)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 22(2)(a)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. Pt. 2 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), 22(2)(b)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iv)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(v)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. Pt. 2 omitted (1.9.2009) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(a)(i)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Word in Sch. Pt. 2 substituted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(a)(ii)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(c)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Word in Sch. Pt. 2 substituted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(b)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Investment Transactions (Tax) Regulations 2014 (S.I. 2014/685), regs. 1(1), 7(4)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vi)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. Pt. 2 inserted (9.12.2021) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2021 (S.I. 2021/1270), regs. 1, 3(5)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vii)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(viii)"
    },
    {
      "type": "F",
      "label": "F20",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(a) (with reg. 8)"
    },
    {
      "type": "F",
      "label": "F21",
      "text": "Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(b) (with reg. 8)"
    },
    {
      "type": "F",
      "label": "F22",
      "text": "Words in Sch. Pt. 2 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(b)"
    },
    {
      "type": "F",
      "label": "F23",
      "text": "Words in Sch. Pt. 2 inserted (6.4.2007) by The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2007 (S.I. 2007/794), regs. 1(1), 7"
    },
    {
      "type": "F",
      "label": "F24",
      "text": "Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ix)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/964/schedule/part/2",
    "retrieved_at": "2026-10-29T04:30:57.523890+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}