PART 1INTRODUCTION
Interpretation
General interpretation12
In these Regulations—
“HMRC” means Her Majesty's Revenue and Customs;
“period of account”, in relation to an offshore fund, means any period for which accounts of the offshore fund are drawn up;
“proposed prospectus” includes—
- a
any document supplementing or amending the proposed prospectus, and
- b
any document fulfilling the same function as a proposed prospectus;
- a
“prospectus” includes—
- a
any document supplementing or amending the prospectus, and
- b
any document fulfilling the same function as a prospectus;
- a
F1“regulated market” means—
- a
a UK regulated market within the meaning given by Article 2.1(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments,
- b
an EU regulated market within the meaning given by Article 2.1(13B) of that Regulation, and
- c
F3a Gibraltar regulated market within the meaning given by Article 26(11)(b)(i) of that Regulation;
- a
the “relevant group of sections” means sections 40A to 42A of FA 2008 M1;
“tax year”—
- a
in relation to income tax, has the meaning given by section 4(2) of ITA 2007, and
- b
in relation to capital gains tax, has the meaning given by section 288(1ZA) of TCGA 1992 M2;
- a
“tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal;
F2“UCITS fund” means—
- a
a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 2000, or
- b
an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities.
- a