Paragraph 1

In this Schedule—

• “dividend equalisation reserve” means income withheld from distribution with a view to avoiding fluctuations in the amounts distributed;

• “the IMA SORP” means the Statement of Recommended Practice for Financial Statements of Authorised Funds issued by the Investment Management Association in November 2003; and

• “recognised stock exchange” has the same meaning as in the Income and Corporation Taxes Act 1988^f1;