{
  "url": "https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-27",
  "json_url": "https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-27.json",
  "legislation": "ukdsi/2006/0110740300",
  "legislation_title": "The Authorised Investment Funds (Tax) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006",
  "path": "regulation/27",
  "kind": "regulation",
  "number": "27",
  "heading": "The reputable intermediary condition",
  "text": "(1) The reputable intermediary condition is met with respect to a participant on the distribution date if conditions A to C are met.\n(2) Condition A is that the interest distribution is paid on behalf of the participant to a company.\n(3) Condition B is that the legal owner has reasonable grounds for believing that the participant is not ordinarily resident in the United Kingdom.\n(4) Condition C is that the company mentioned in paragraph (2)—\n(a) is subject to the EC Money Laundering Directive,\n(b) is subject to equivalent non-EC provisions, or\n(c) is a company which—\n(i) is resident in a regulating country or territory, and\n(ii) is an associated company of a company which is subject to paragraph (a) or (b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/27",
    "retrieved_at": "2026-10-30T15:21:25.506036+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."
}