# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 36: The contents condition


(1) The contents condition is met if conditions A to C are met.
(2) Condition A is that the certificate contains a statement to the effect that the person beneficially entitled to the interest distribution is unlikely to be liable to pay any amount by way of income tax for the tax year in which the payment is made.
(3) Condition B is that the certificate contains an undertaking by the person giving it to notify the legal owner if the person beneficially entitled to the interest distribution becomes liable to pay any amount by way of income tax for the tax year in which the interest distribution is made.
(4) Condition C is that the certificate contains the following further three items of information.
(5) Item 1 is the name, permanent residential address including postcode, and date of birth of the person beneficially entitled to the payment.
(6) Item 2 is the national insurance number of an individual within paragraph (5)—
(a) who is aged 16 or over at the beginning of the year in which the payment is made, and
(b) who, at any time within the period of three years ending with the date on which a certificate is signed, has been liable to pay Class 1 or Class 2 contributions within the meaning of—
(i) section 1(2) of the Social Security Contributions and Benefits Act 1992, or
(ii) section 1(2) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
The Commissioners may indicate in a particular case that this item of information is not required.
(7) Item 3 is the following details relating to the participant’s holding of units in the authorised investment fund to which the certificate relates—
(a) the name of the authorised Investment fund,
(b) the name of the fund manager, and
(c) the reference number relating to the participant (if any).

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/36 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.