Paragraph 11 Dealing with bodies corporate without share capital
United Kingdom
(1)
In paragraph 9 (qualifying funds)—
(a)
in sub-paragraph (2)(a), in the words before sub-paragraph (i), after “scheme” insert “, or is an AIF that is not a collective investment scheme only by reason of it being a body corporate,”;
(b)
in sub-paragraph (5)—
(i)
in paragraph (a), after “company”, in the first place it occurs, insert “that has share capital”;
(ii)
in paragraph (b)(i), after “company” insert “that has share capital”;
(c)
in sub-paragraph (6), after “collective investment scheme” insert “, or is an AIF that is not a collective investment scheme only by reason of it being a body corporate,”.
(2)
Schedule 2 to FA 2022 has effect, and is to be deemed always to have had effect, with the amendment made by this paragraph.