Amendment of S.1. 2003/96
This section has no associated Explanatory Memorandum
5. In regulation 2(1)—
(a)omit the definition of “the Director of Enterprise Environment”,
(b)before the definition of “investment”, insert—
““the first investment” in relation to an investment made in a CDFI means the first investment made in the CDFI in its current period of accreditation;”,
(c)in the definition of “investment”, for “paragraph 2 of Schedule 16 to the Finance Act 2002” substitute “section 221 of the Corporation Tax Act 2010”, and
(d)in the definition of “qualifying investment”, for “paragraph 8 of Schedule 16 to the Finance Act 2002” substitute “section 225 of the Corporation Tax Act 2010”.
(1)
Regulation 2 was amended by S.I. 2008/383 and S.I. 2009/2748.