OpenLegislation

Regulation 101 General modification: manager of authorised unit trust

Original text. Later amendments are not shown.

(1)

The modifications specified in this regulation are that references, however expressed, in TCGA 1992 to the manager of an authorised unit trust or of a unit trust scheme within regulation 100(1)(b) have effect as if they included references to the authorised corporate director of the open-ended investment company concerned.

(2)

Paragraph (1) does not apply—

(a)

to section 272(5) (valuation of rights of unit holders), or

(b)

to references in provisions which include reference, whether made expressly or by implication, to the authorised corporate director of an open-ended investment company.