{
  "url": "https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009/regulation-69",
  "json_url": "https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009/regulation-69.json",
  "legislation": "ukdsi/2009/9780111486313",
  "legislation_title": "The Offshore Funds (Tax) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009",
  "path": "regulation/69",
  "kind": "regulation",
  "number": "69",
  "heading": "Income from non-reporting funds: first case",
  "text": "(1) This regulation applies if—\n(a) a reporting fund has an interest in a non-reporting fund, and\n(b) the conditions in paragraph (2) are met for a period of account.\n(2) The conditions are that—\n(a) the main purpose or one of the main purposes of the investment in the non-reporting fund is not the deferral or avoidance of United Kingdom tax;\n(b) the reporting fund has access to the accounts of the non-reporting fund;\n(c) the reporting fund has sufficient information about the non-reporting fund to enable it to prepare a computation of reportable income for the non-reporting fund; and\n(d) the reporting fund can reasonably expect to be able to rely on continued access to that information for the period in which it will hold the investment in the non-reporting fund.\n(3) Regulation 68 applies as if the reporting fund were RF1 and the non-reporting fund were RF2.\n(4) For the purposes of the computation mentioned in paragraph (2)(c), regulation 80 applies if (and only if) the non-reporting fund is a UCITS fund.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2009/9780111486313/regulation/69",
    "retrieved_at": "2026-10-30T14:56:44.866559+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."
}