# The Offshore Funds (Tax) Regulations 2009, 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.

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/73 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-73
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.