# The Offshore Funds (Tax) (Amendment) Regulations 2011, Regulation 15: Transitional provisions: general provisions

Extent: E+W+S+N.I.

(1) The manager of a transitional fund must give the statements required by sub-paragraphs (h) to (l) of regulation 53(1) by a notice in writing to HMRC within one year of the date these Regulations come into force.
(2) A transitional fund will be treated as having operated equalisation arrangements or full equalisation arrangements or as not operating equalisation arrangements in accordance with those statements from the time that the fund first became a reporting fund for the purposes of any report made to participants after the date these Regulations come into force.
This is subject to regulation 16.

---
Source: https://www.legislation.gov.uk/uksi/2011/1211/regulation/15 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-amendment-regulations-2011/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.