The Unit Trust Schemes and Offshore Funds (Non-qualifying Investments Test) Order 1997

Amendments to paragraph 8 of Schedule 10 to the Finance Act 1996

7.  After sub-paragraph (5) there shall be inserted the following sub-paragraph—

(5A) References in this paragraph to investments of an open-ended investment company are references to investments comprised in the scheme property of that company, but do not include references to cash awaiting investment.