3.—(1) In regulation 2(1)(a)(1)—
(a)after the definition of “the Board” there shall be inserted—
““building society” means a building society within the meaning of the Building Societies Act 1986(2);”
(b)in paragraph (a) of the definition of “company” the words from “within” to the end of the paragraph shall be omitted;
(c)after the definition of “company” there shall be inserted—
““deposit-taker” has the meaning given by section 481(2)(3) of the Taxes Act;”
(d)in the definitions of “gains” and “chargeable gains” for the words “Capital Gains Tax Act 1979” there shall be substituted the words “Taxation of Chargeable Gains Act 1992”;
(e)in the definition of “market value” for the words “section 150 of the Capital Gains Tax Act 1979” there shall be substituted the words “section 272 of the Taxation of Chargeable Gains Act 1992”.
(2) In regulation 2(1)(b)(4) for the definition of “feeder fund” there shall be substituted—
““feeder fund” means a unit trust scheme which is also—
an exempt approved personal pension scheme (within the meaning of Chapter 1 of Part XIV of the Taxes Act) where the employer is not a contributor to the exempt approved scheme and that scheme provides benefits additional to those provided by another exempt approved scheme to which he is a contributor, or
an approved personal pension scheme (within the meaning of Chapter IV of Part XIV of the Taxes Act),
and where, under the rules of the unit trust scheme, investments subject to the trusts of the scheme must be invested in units in a single unit trust scheme or in shares in a single investment trust;”.
Section 481(2) was amended by section 30 of, and paragraph 8 of Schedule 5 to, the Finance Act 1990 (c. 29).