PART 3REPORTING FUNDS AND THE TREATMENT OF PARTICIPANTS IN REPORTING FUNDS
CHAPTER 5THE COMPUTATION OF REPORTABLE INCOME
Adjustments for special classes of income
Income from non-reporting funds if first case ceases to apply71
1
This regulation applies if—
a
a reporting fund has an interest in a non-reporting fund, and
b
the conditions in regulation 69(2) have been met for an earlier period of account but are no longer met for a later period of account.
2
Regulation 70 applies for the later period of account and for all subsequent periods of account.