30.—(1) The Offshore Funds (Tax) Regulations 2009(1) are amended as follows.
(2) In regulation 12—
(a)for the definition of “regulated market” substitute—
““regulated market” means—
a UK regulated market within the meaning given by Article 2.1(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments,
an EU regulated market within the meaning given by Article 2.1(13B) of that Regulation, and
a regulated market within the meaning given by Article 2.1(13) of that Regulation which is authorised and functions regularly and in accordance with Part 3 of the Financial Services (Markets in Financial Instruments) Act 2018 of Gibraltar;”;
(b)for the definition of “UCITS fund” substitute—
““UCITS fund” means—
a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 2000, or
an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities(2).”.
(3) In regulation 74(2) omit “264 or”.
Commencement Information
S.I. 2009/3001, relevant amending instrument are S.I. 2011/1211, S.I. 2013/472, S.I. 2017/701.
OJ L No. 302, 17.11.2009, p.32. Directive 2009/65/EC was amended by Directive 2014/91/EU, OJ L No. 257, 28.08.2014, p.1.