Part 8Miscellaneous provisions

89Specified investments

1

The amendments made by the second order are to be treated, for all tax purposes, as having come into force on 24 February 2010 immediately after the coming into force of the first order.

2

A person may elect that subsection (1) is not to have effect in relation to that person.

3

An election under subsection (2)—

a

is to be made by notice in writing to an officer of Revenue and Customs,

b

may not be made after the end of the period of 30 days beginning with the day on which this Act is passed, and

c

is irrevocable.

4

In this section—

  • “the first order” means the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2010 (S.I. 2010/86);

  • “the second order” means the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2011 (S.I. 2011/133);

  • “tax” means any tax or duty.

5

Nothing in this section affects the commencement of the second order otherwise than as provided for by this section.