Regulation 3 Regulation 22 (return containing particulars of investments)

at the end of sub-paragraphs (d)(ii) and (e)(iii), omit “and”, and

after sub-paragraph (e)(iv) insert—

“, and

(v)

the value at which the investment was disposed of;

(f)

in respect of each fund manager of the company during the specified period—

(i)

the name and address of its registered or principal office, and

(ii)

its Financial Services Register reference number;

(g)

where a new investment was made during the specified period—

(i)

immediately before the relevant holding was issued, the value of the relevant company’s gross assets, or if it was a parent company^f1, the value of the group assets^f2,

(ii)

the total investment in the relevant company at the investment date (within the meaning given by section 280B(3A))^f3, less the value of the new investment,

(iii)

a description of each qualifying activity^f4, whether carried on by the relevant company^f5 or one of the companies mentioned in section 291(7) and (8), for the purposes of which, at the time the relevant holding^f6 was issued, the money raised was intended to be used,

(iv)

when the relevant holding was issued, the relevant company’s full-time equivalent employee number^f7, or if it was a parent company, the sum of the full-time equivalent employee number for it and each of its qualifying subsidiaries^f8, and

(v)

whether or not the relevant company received a non-statutory opinion from Her Majesty’s Revenue and Customs on the eligibility of that investment as a qualifying holding, and if it did—

(aa)

whether that opinion indicated that the investment would or would not be likely to be eligible as such, and

(bb)

the date of that opinion;

(h)

where a new investment was made during the specified period, but after the end of the initial investing period^f9 of the relevant company—

(i)

under which of conditions A, B or C of section 280C^f10 the investment was made, and

(ii)

the date of the relevant first commercial sale^f11 made by the relevant company; and

(i)

where a new investment was made during the specified period and the relevant company was a knowledge-intensive company^f12 on the date the investment was made—

(i)

whether or not the total investment in the relevant company at the investment date exceeded the amount specified in section 280B(2)(b)(ii)^f13,

(ii)

whether or not the investment was made after the period specified in section 280C(3)(b), and

(iii)

whether or not the full-time equivalent employee number provided further to sub-paragraph (g)(iv) exceeded the number specified in section 297A(3A)(b)^f14 at the time the relevant holding was issued.

(4A)

Expressions used in Chapter 4 of Part 6 which are also used in sub-paragraphs (g), (h) and (i) of paragraph (4) have the same meaning in those sub-paragraphs as they do in that Chapter.”