60(1)Paragraph 33 of that Schedule (open-ended investment companies: capital profits, gains or losses) is amended as follows.U.K.
(2)In sub-paragraph (1) omit “, notwithstanding paragraph 15”.
(3)After that sub-paragraph insert—
“(1A)For the purposes of this paragraph “capital profits, gains or losses”—
(a)in the case of an open-ended investment company that prepares accounts in accordance with UK generally accepted accounting practice, has the meaning given by sub-paragraphs (2) to (4), and
(b)in the case of an open-ended investment company that prepares accounts in accordance with international accounting standards, has the meaning given by order made by the Treasury.”.
(4)In sub-paragraph (2) for the words “For the purposes of this paragraph” substitute “ In the cases mentioned in sub-paragraph (1A)(a) ”.