[F1103AApplication of Act to certain offshore fundsU.K.
(1)This Act applies in relation to a relevant offshore fund as if—
(a)the fund were a company, and
(b)the rights of the participants in the fund were shares in the company.
(2)An offshore fund is a relevant offshore fund if—
(a)it is not constituted by a company, and
(b)it is not a unit trust scheme (see section 99).
(3)In this section “offshore fund” and “participant”, in relation to a fund, have the meanings given in section 40A of the Finance Act 2008.]
Textual Amendments
F1S. 103A inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by Finance Act 2009 (c. 10), Sch. 22 para. 8; S.I. 2010/670, art. 2