Part 1 Introduction and conditions for being a QAHC

United Kingdom

1. 1Introduction
2. 2Conditions for being a qualifying asset holding company
3. 3Ownership condition
4. 4Only direct and certain indirect interests to constitute “relevant interests”
5. 5Determining relevant interests
6. 6Determining relevant interests: transparent entities
7. 7References to voting power
8. 8Category A investors
9. 9Qualifying funds
10. 10Relevant qualifying investors
11. 11Intermediate company
12. 12Requirement of QAHC to monitor compliance with ownership condition
13. 13Activity condition and investment strategy condition