{
  "url": "https://openlegislation.uk/venture-capital-trust-amendment-regulations-2014/note",
  "json_url": "https://openlegislation.uk/venture-capital-trust-amendment-regulations-2014/note.json",
  "legislation": "uksi/2014/1929",
  "legislation_title": "The Venture Capital Trust (Amendment) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/venture-capital-trust-amendment-regulations-2014",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Venture Capital Trust Regulations 1995 (S.I. 1995/1979) (“the principal Regulations”).\nParagraph 5 of Schedule 10 to the Finance Act 2014 (c. 26) inserted into the Income Tax Act 2007 (c. 3) a new provision (section 330A) which provides that shares in a venture capital trust may be held through a nominee. As a consequence, these Regulations make a number of amendments to the principal Regulations.\nRegulation 1 of these Regulations provides for citation and commencement.\nRegulation 2 of these Regulations makes the following amendments to the principal Regulations:\n(a) the definition of “investor” in regulation 2 of the principal Regulations is amended so as to include persons who hold shares in a venture capital trust through a nominee;\n(b) regulation 9 of the principal Regulations is amended to make provision for the giving of certificates containing the specified particulars in cases where shares in a venture capital trust are issued to a nominee for an investor; and\n(c) regulations 24 and 25 of the principal Regulations are amended so as to provide that where shares in a venture capital trust are held by a nominee for an investor, both the nominee and the investor may be required to furnish information to the Board or make records available to the Board for inspection.\nA Tax Information and Impact Note covering this instrument was published on 10 December 2013 alongside draft legislation for Finance Bill 2014 and is available at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins. It remains an accurate summary of the impacts that apply to this instrument.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/1929/note",
    "retrieved_at": "2026-10-29T00:08:56.027632+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}