SCHEDULES

SCHEDULE 33Venture capital trusts

Part 4Supplementary

16Regulations under this Schedule: inclusion of supplementary etc provisions

1

Regulations under this Schedule may—

a

contain such administrative provisions (including provision for advance clearances and provision for the withdrawal of clearances) as appear to the Treasury to be necessary or expedient;

b

authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by regulations under this Schedule are met;

c

make different provision for different cases;

d

include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate;

e

include provision having retrospective effect.

2

Without prejudice to any specific provisions in this Schedule, a power conferred by any provision of this Schedule to make regulations includes power to provide for the Board, or an officer of the Board, to exercise a discretion in dealing with any matter.