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Finance Act 2012

Details of the Section

2.Subsection (2) allows the regulations to specify the type of collective investment scheme affected and the circumstances in which an exemption or relief applies.

3.Subsection (4)(a) allows the regulations to modify existing or future primary or other legislation.

4.Subsection (4)(b) makes provision for the regulations to make consequential, supplementary and transitional provision.

5.Subsection (6) provides that a statutory instrument made under this power is subject to the negative resolution procedure.

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