OpenLegislation

Regulation 56 Measuring dates and meaning of “chargeable measuring date”

Original text. Later amendments are not shown.

(1)

Each of the following is a measuring date—

(a)

the first measuring date (see regulation 64);

(b)

in a case where a participant already owns a substantial QIS holding in a qualified investor scheme, the date on which the participant acquires additional units in the qualified investor scheme;

(c)

any reporting date;

(d)

the date on which there is a disposal of part of the substantial QIS holding (see regulation 67);

(e)

the date on which there is a disposal of the whole of the substantial QIS holding (see regulation 68);

(f)

the date of the participant’s death.

(2)

In this Chapter a “chargeable measuring date” means any measuring date other than the first measuring date.