# The Offshore Funds (Tax) Regulations 2009, Paragraph 1

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

In this Schedule—
“distributing fund” means a fund which, immediately before 1st December 2009, was a distributing fund for the purposes of Chapter 5 of Part 17 of ICTA or a fund treated as a distributing fund in accordance with paragraph 3(3A);
“existing fund” means a fund to which, immediately before 1st December 2009, section 756A of ICTA applied;
“non-qualifying fund” means a fund which, immediately before 1st December 2009, was a non-qualifying fund for the purposes of Chapter 5 of Part 17 of ICTA; the “overlap period” means the period of account of an existing fund which has begun, but not ended, on the day these Regulations come into force; the “succeeding period” means the period of account of the fund immediately following the overlap period.

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Source: https://www.legislation.gov.uk/uksi/2009/3001/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.