# The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009, Regulation 14: The reputable intermediary condition


(1) The reputable intermediary condition is met with respect to a recipient on the date the interest distribution is made if conditions A to C are met.
(2) Condition A is that the interest distribution is made on behalf of the recipient to a company.
(3) Condition B is that the investment trust or prospective investment trust making the interest distribution has reasonable grounds for believing that the recipient is not ordinarily resident in the United Kingdom.
(4) Condition C is that the company mentioned in paragraph (2)—
(a) is subject to the EC Money Laundering Directive,
(b) is subject to equivalent non-EC provisions, or
(c) is a company which—
(i) is resident in a regulated country or territory, and
(ii) is an associated company of a company which is subject to sub-paragraph (a) or (b).

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Source: https://www.legislation.gov.uk/uksi/2009/2034/regulation/14 (the official version)
Page: https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.