{
  "url": "https://openlegislation.uk/venture-capital-trust-regulations-1995/regulation-3",
  "json_url": "https://openlegislation.uk/venture-capital-trust-regulations-1995/regulation-3.json",
  "legislation": "uksi/1995/1979",
  "legislation_title": "The Venture Capital Trust Regulations 1995",
  "legislation_url": "https://openlegislation.uk/venture-capital-trust-regulations-1995",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Applications for approval",
  "text": "(1) A company making an application for approval as a venture capital trust for the purposes of section 842AA shall apply to the Board in writing.\n(2) The application shall be either for full approval or for provisional approval.\n(3) An application for full approval shall contain a declaration—\n(a) that the conditions for full approval were fulfilled in relation to the most recent complete accounting period of the company;\n(b) that to the best of the company’s knowledge and belief, the conditions for full approval will also be fulfilled in relation to the accounting period of the company which is current when the application for full approval is made; and\n(c) that to the best of the company’s knowledge and belief, the particulars given in the application are true and correct.\n(4) An application for provisional approval shall contain a declaration that to the best of the company’s knowledge and belief—\n(a) the conditions for full approval will be fulfilled within the periods specified in subsection (4) of section 842AA; and\n(b) the particulars given in the application are true and correct.\n(5) An application for approval for the purposes of section 842AA shall be signed by the secretary or by a director of the company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "am",
      "affecting": "uksi/2008/1893",
      "affecting_title": "The Venture Capital Trust (Amendment) Regulations 2008"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1979/regulation/3",
    "retrieved_at": "2026-10-29T13:04:48.542285+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."
}