Regulation 32 The Investment Trust (Approved Company) (Tax) Regulations 2011I1

United Kingdom

(1)

The Investment Trust (Approved Company) (Tax) Regulations 2011^f1 are amended as follows.

(2)

In regulation 45—

(a)

in paragraph (3)(b) for “a competent authority for the United Kingdom” substitute “the Financial Conduct Authority”;

(b)

in paragraph (6)—

(i)

omit sub-paragraph (a) (and the “and” immediately after it);

(ii)

for sub-paragraph (b) substitute—

“(b)
“regulated market” means—

(i)
a UK regulated market within the meaning given by Article 2.1(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments,

(ii)
an EU regulated market within the meaning given by Article 2.1(13B) of that Regulation, and

(iii)
a regulated market within the meaning given by Article 2.1(13) of that Regulation which is authorised and functions regularly and in accordance with Part 3 of the Financial Services (Markets in Financial Instruments) Act 2018 of Gibraltar.”.

Annotations

Commencement

I1: Reg. 32 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1

Footnotes

f1: S.I. 2011/2999; relevant amending instrument is S.I. 2017/701.