Part III Individuals, partnerships, trusts and collective investment schemes F1etc
F2Chapter 4Collective investment schemes: exchanges, mergers and schemes of reconstruction
Pt. 3 Ch. 4 inserted (8.6.2013) by The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400), regs. 1(1), 11 (with reg. 1(2))
103EApplication of Chapter
1
In this Chapter (except this section) references to a collective investment scheme are to a collective investment scheme falling within any of the following paragraphs—
a
an authorised contractual scheme which is a co-ownership scheme,
b
a unit trust scheme, or
c
an offshore fund.
2
Sections 126 to 138A (reorganisation of share capital, conversion of securities etc) do not apply for the purposes of the treatment of participants in collective investment schemes falling within subsection (1)(a) to (c) except as applied by this Chapter.
3
But sections 135 to 138A (company reconstructions) may apply for those purposes where either company A or company B is not a collective investment scheme falling within subsection (1)(a) to (c).
4
In subsection (3), “company A” and “company B” have the meaning given by section 135 or 136 as the case may be.
5
In this Chapter, “units” includes shares in a company.
Word in Pt. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by Finance Act 2009 (c. 10), Sch. 22 para. 9; S.I. 2010/670, art. 2