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Regulation 4 Classification of offshore funds

Original text. Later amendments are not shown.

(1)

Offshore funds consist of—

(a)

non-reporting funds (see Part 2 of these Regulations), and

(b)

reporting funds (see Part 3 of these Regulations).

(2)

An offshore fund is a non-reporting fund unless it is a fund to which Part 3 of these Regulations applies for a period of account.