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Regulation 2 Amendment of regulation 2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For regulation 2(2) substitute—

“(2)

The manager of the scheme must be a person who is—

(a)

mentioned in section 632(1) of the Income and Corporation Taxes Actf1 (establishment of schemes); or

(b)

the authorised corporate director of an open-ended investment company.

(3)

In this regulation “authorised corporate director” and “open-ended investment company” each has the same meaning as in the Open-ended Investment Companies (Tax) Regulations 1997f2.”.

Annotations

Footnotes

f1

1988 c. 1. Section 632(1) was amended by the Personal Pension Schemes (Establishment of Schemes) Order 1988, S.I. 1988/993 and by the Personal Pension Schemes (Establishment of Schemes) Order 1997, S.I. 1997/2388.

f2

S.I. 1997/1154, amended by S.I. 1997/1715.