The Authorised Investment Funds (Tax) Regulations 2006

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69Z73.—(1) This regulation applies if a Tax Elected Fund—

(a)is party to a merger or takeover, and

(b)as a result, ceases to meet one or more of the TEF conditions.

(2) On the occurrence of the merger or takeover—

(a)an accounting period of the fund shall end at the end of the date of the merger or takeover, and

(b)this Part shall cease to apply to the fund at the end of that date.]

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