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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Controlled Foreign Companies (Excluded Countries) Regulations 1998 (S.I. 1998/3081) (“the principal Regulations”). The amendments are in consequence of the repeal of sections 125 to 169 of the Finance Act 1993 (c. 34) by section 79(1)(b) of the Finance Act 2002 (c. 23) and the repeal of sections 147 to 175 and 177 of the Finance Act 1994 by section 83(2) of the Finance Act 2002.

Regulation 1 provides for citation, commencement and effect.

Regulation 2 amends regulation 7 of the principal Regulations.