The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) Regulations 2003

General InvestmentsU.K.

6.—(1) Any investment in an enterprise within Case 2 of regulation 10 as a consequence of which, and for so long as—

(a)the total amount invested out of the investment fund by the CDFI in enterprises in Case 2 exceeds the amount invested in enterprises within Cases 1 and 3; or

(b)the number of investments out of the investment fund by the CDFI in enterprises in Case 2 exceeds the number of investments in enterprises within Cases 1 and 3.

(2) For the purposes of paragraph (1) an investment in an enterprise which is within both Case 2 and Case 3 shall be treated as being only within Case 3.

Commencement Information

I1Sch. 1 para. 6 in force at 13.2.2003, see reg. 1