The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 No. 3629

PART 3 AMENDMENTS TO SECONDARY LEGISLATION

The Income Tax (Definition of Unit Trust Scheme) Regulations 1988 (S.I. 1988/267)

Interpretation

117.  In regulation 2 of the Income Tax (Definition of Unit Trust Scheme) Regulations 1988 (interpretation) for the definition of “participant” substitute—

• ““participant”, in relation to a unit trust scheme, shall be construed in accordance with section 235 of the Financial Services and Markets Act 2000;”.