# The Offshore Funds (Tax) (Amendment No. 2) Regulations 2013, Regulation 7: Reports to participants


In regulation 92 (contents of report to participants: non-transparent funds)—
(a) in paragraph (1)—
(i) for sub-paragraph (b) substitute—
“(b) the amount per unit of any excess treated as additional distributions made to participants in the fund in respect of the reporting period; ”, and
(b) in paragraph (3), for sub-paragraph (a) substitute—
“(a) the amount in paragraph (b) is the amount of any excess specified in regulation 94(1) divided by the number of units in the fund in issue at the end of the reporting period.”.

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Source: https://www.legislation.gov.uk/uksi/2013/1411/regulation/7 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-amendment-no-2-regulations-2013/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.