Regulation 2 Interpretation

In these Regulations—

• “the AIF Regulations” means the Authorised Investment Funds (Tax) Regulations 2006^f1,

• “the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs,

• “eligible investor” has the meaning given by regulation 3(2),

• “exempt unauthorised unit trust” has the meaning given by regulation 3(1),

• “friendly society” has the same meaning it has for the purposes of Part 3 of FA 2012 (friendly societies carrying on long-term business),

• “insurance company” has the same meaning as it has for the purposes of Part 2 of FA 2012 (insurance companies carrying on long-term business),

• “non-reporting fund” has the same meaning as it has for the purposes of the Offshore Funds Regulations,

• “notice” means notice in writing,

• “the Offshore Funds Regulations” means the Offshore Funds (Tax) Regulations 2009^f2,

• “prospectus” means a prospectus or similar document made available to investors,

• “UK resident” means resident in the United Kingdom (and references to a UK resident company are to a company which is resident there).