SCHEDULES

SCHEDULE 27 DISTRIBUTING FUNDS

PART IV SUPPLEMENTARY

Information as to decisions on certification etc.

20

No obligation as to secrecy imposed by statute or otherwise shall preclude the Board or an inspector from disclosing to any person appearing to have an interest in the matter—

(a)

any determination of the Board or (on appeal) the Special Commissioners whether an offshore fund should or should not be certified as a distributing fund in respect of any account period; or

(b)

the content and effect of any notice given by the Board under paragraph 15(4) above.