Regulation 58 General duties of reporting funds

United Kingdom

A reporting fund must—

(a)

prepare accounts in accordance with the requirements of Chapter 4 F1(except in the case of transparent reporting funds);

(b)

provide a computation of its reportable income in accordance with the requirements of Chapter 5 F2or 6A, as the case may be;

(c)

provide reports to participants in accordance with the requirements of Chapter 7; and

(d)

provide information to HMRC in accordance with the requirements of Chapter 9.

Annotations

F1: Words in reg. 58(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 23(2)
F2: Words in reg. 58(b) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 23(3)