# Finance (No. 2) Act 2023, Paragraph 11: Dealing with bodies corporate without share capital

Extent: E+W+S+N.I.

(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.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/4/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-4/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.