Regulation 73 Introductory
(1)
A reporting fund meets the conditions for this Chapter to apply in respect of a period of account if it meets—
(a)
the equivalence condition (see regulation 74), and
(b)
the genuine diversity of ownership condition (see regulations 75 and 76).
(2)
In this Part a “diversely owned fund” means a reporting fund in respect of which the conditions mentioned in paragraph (1) are met for a period of account.