PART 2Amendment to the Corporation Tax Act 2009

3

1

Section 133F (meaning of “excluded company” for purposes of section 133E) is amended as follows.

2

In subsection (2A)(c), after “being” insert—

—

i

in relation to a time on or after 1 January 2022, an FCA investment firm that meets the conditions in section 133H(1B);

ii

in relation to a time before that date,

3

In subsection (4)—

a

before paragraph (a), insert—

za

in relation to a time on or after 1 January 2022, a commodity and emission allowance dealer;

b

in paragraph (a), after “1 January 2014” insert “but before 1 January 2022”.

4

In subsection (7)—

a

in the definition of “730k firm”—

i

in paragraph (a), after “1 January 2014” insert “but before 1 January 2022”;

ii

in paragraph (b), for “that date” substitute “1 January 2014”;

b

in the definition of “full scope investment firm”—

i

in paragraph (a), after “1 January 2014” insert “but before 1 January 2022”;

ii

in paragraph (b), for “that date” substitute “1 January 2014”;

c

at the appropriate places insert—

  • “commodity and emission allowance dealer” has the meaning given by the FCA Handbook at the time in question;

  • “FCA investment firm” has the meaning given by section 143A of FISMA 2000;