SCHEDULES

SCHEDULE 9Transitory modifications

“Exempt charity” and common investment and deposit funds

2

1

Sub-paragraph (2) applies if—

a

section 11(10) of the 2006 Act (amendment of section 24(8) of the 1993 Act), and

b

paragraph 173(3)(a) of Schedule 8 to the 2006 Act (amendment of definition of “exempt charity” in section 96(1) of the 1993 Act),

have not been brought into force before the commencement of this Act.

2

Subsection (3) of—

a

section 99 (further provisions relating to common investment schemes and funds), and

b

section 103 (further provisions relating to common deposit schemes and funds),

has effect until the relevant commencement date as if at the end of the subsection there were inserted “; and if the scheme admits only exempt charities, the fund is an exempt charity for the purposes of this Act”.