Regulation 2 Interpretation

In these Regulations—

• “class of interest” has the meaning given by section 756C of ICTA 1988^f1;

• “ICTA 1988” means the Income and Corporation Taxes Act 1988^f2;

• “main fund” has the meaning given by section 756C(1) of ICTA 1988;

• “umbrella fund” has the meaning given by section 756B(1) of ICTA 1988; and

references to a part of a fund are references to a part of an umbrella fund which is regarded as a separate offshore fund by virtue of section 756B(2) of ICTA 1988.