The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001

Loan relationships: collective investment schemes

95.—(1) Amend paragraph 8 of Schedule 10 (loan relationships: non-qualifying investment test for collective investment schemes)(1) as follows.

(2) In sub-paragraph (7A)—

(a)in paragraph (a) for “75 of the Financial Services Act 1986” substitute “235 of the Financial Services and Markets Act 2000”;

(b)in paragraph (b) for “75(8) of the Financial Services Act 1986” substitute “236 of the Financial Services and Markets Act 2000”.

(3) In sub-paragraph (7D)—

(a)in paragraph (a) for “75(8) of the Financial Services Act 1986” substitute “236 of the Financial Services and Markets Act 2000”;

(b)in paragraph (c) for “75(3)(a)” substitute “235(3)(a)”.

(1)

Paragraph 8 was relevantly amended by Article 10 of S.I. 1997/213.