Regulation 14 Transitional provisions: introductionI1

This Chapter applies to offshore funds which are reporting funds at the date these Regulations come into force.

In this Chapter a reference to regulation 53(1) or any sub-paragraph of that regulation is a reference to regulation 53(1) (contents of an application) of the principal Regulations as amended by regulation 6 of these Regulations.

In this Chapter—

• “HMRC” means Her Majesty’s Revenue and Customs;

• “transitional fund” means a fund to which this Chapter applies.