(1)In this Chapter “qualifying investment” means any of the following—
(a)shares or securities which are listed on a recognised stock exchange or dealt in on a designated market in the United Kingdom,
(b)units in an authorised unit trust,
(c)shares in an open-ended investment company,
(d)an interest in an offshore fund, and
(e)a qualifying interest in land.
(2)In this section—
“offshore fund” has the meaning given by section 355 of TIOPA 2010, and
“open-ended investment company” is to be read in accordance with sections 613 and 615.
(3)In paragraph (a) of subsection (1) “designated” means designated by an order made by the Commissioners for Her Majesty's Revenue and Customs for the purposes of that paragraph.
(4)An order under subsection (3)—
(a)may designate a market by name or by reference to a class or description of market,
(b)may vary or revoke a previous order under that subsection.