F1PART 2BDIVERSELY OWNED AIFS
Annotations:
Amendments (Textual)
Meaning of relevant contracts: general14G
1
For the purposes of regulation 14F a “relevant contract” is—
a
an option,
b
a future, or
c
a contract for differences.
2
For the purposes of this regulation an option, a future or a contract for differences which relates to land will only be a relevant contract if the option, the future or the contract for differences uses an index referred to in regulation 14K(1)(b) and the index is—
a
publicly accessible,
b
comprised of a significant number of properties, and
c
not maintained by—
i
the diversely owned AIF,
ii
the manager of the diversely owned AIF, or
iii
a person who is a connected person in relation to the diversely owned AIF or the manager of the diversely owned AIF.
Pt. 2B inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 10