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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154) in consequence of the Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830) replacing the Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 1994 (S.I. 1994/2318). These Regulations substitute a new regulation 28 which provides that the provisions of the Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 have effect in relation to open-ended investment companies as they have effect in relation to authorised unit trusts with the modifications specified.