Regulation 3 Exception of certain unit trust schemes from Part VII and Part III
A unit trust scheme which is—
(a)
a limited partnership scheme, or
(b)
a profit sharing scheme which has been approved in accordance with Part I of Schedule 9 to the Finance Act 1978f1,
shall be treated as not being a unit trust scheme for the purposes of Part VII or Part III as the case may be.
Annotations
Footnotes
- f1
-
1978 c. 42; Part I of Schedule 9 was amended by section 25(1) (4) (5) and (6) of the Finance Act 1983 (c. 28).