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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order amends section 468L of the Income and Corporation Taxes Act 1988 (authorised unti trusts: interest distributions) by adding to the list of “qualifying investments” n subsection (9) of that section qualifying shares in an open-ended investment company which is incorporated in the United Kingdom. The Order also inserts additional subsections in section 468L containing definitions of “open-ended investment company” and other relevant terms.