Measuring dates and meaning of “chargeable measuring date”U.K.
This section has no associated Explanatory Memorandum
56.—(1) Each of the following is a measuring date—
(a)the first measuring date (see regulation 64);
(b)in a case where a participant already owns a substantial QIS holding in a qualified investor scheme, the date on which the participant acquires additional units in the qualified investor scheme;
(c)any reporting date;
(d)the date on which there is a disposal of part of the substantial QIS holding (see regulation 67);
(e)the date on which there is a disposal of the whole of the substantial QIS holding (see regulation 68);
(f)the date of the participant's death.
(2) In this Chapter a “chargeable measuring date” means any measuring date other than the first measuring date.