Article 145 InterpretationI1

Amend regulation 2 of the Income Tax (Pension Funds Pooling Schemes) Regulations 1996 as follows.

In paragraph (1) in the definition of “units” and “unit trust scheme” for “75(8) of the Financial Services Act 1986” substitute “237 of the Financial Services and Markets Act 2000”.

In paragraph (4) for the words from “within” to “1986” substitute “and, for the purposes of this paragraph, “participant” shall be construed in accordance with section 235 of the Financial Services and Markets Act 2000”.