PART 3Amendments to subordinate legislation
The Investment Trust (Approved Company) (Tax) Regulations 201132.
(1)
(2)
In regulation 45—
(a)
in paragraph (3)(b) for “a competent authority for the United Kingdom” substitute “the Financial Conduct Authority”;
(b)
in paragraph (6)—
(i)
omit sub-paragraph (a) (and the “and” immediately after it);
(ii)
“(b)
“regulated market” means—
(i)
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,
(ii)
an EU regulated market within the meaning given by Article 2.1(13B) of that Regulation, and
(iii)
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.”.