# The Offshore Funds (Tax) Regulations 2009, Regulation 74: The equivalence condition


(1) The equivalence condition is met if the fund meets condition A or B throughout the period of account.
(2) Condition A is that the fund is recognised by the Financial Services Authority within the meaning of section 264, 270 or 272 of FISMA 2000.
(3) Condition B is that the fund is a UCITS fund.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486313/regulation/74 (the official version)
Page: https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009/regulation-74
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.