# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 28: The reputable intermediary condition: further provisions


(1) This regulation applies for the purposes of Condition C in regulation 27.
(2) A company is subject to the EC Money Laundering Directive if it is a credit institution or financial institution as defined by Article 1 of Directive 91/308/EEC, as amended by Directive 2001/97/EC.
(3) A company is subject to equivalent non-EC provisions if it is required by the law of any country or territory which is not a member State to comply with requirements similar to those which, under Article 3 of that Directive (as so amended), member States must ensure are complied with by credit institutions and financial institutions.
(4) A country or territory is a regulating country or territory if it either is a member State or imposes requirements similar to those which, under Article 3 of that Directive (as so amended), member States must ensure are complied with by credit institutions and financial institutions.
(5) A company is to be treated as another’s associated company if it would be so treated for the purposes of Part 11 of ICTA (close companies) (see section 416 of that Act).

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/28 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.