Schedule 6B, Part 1A, paragraph 2D(3)

For the purposes of sub-paragraph (2)(b)— “investment fund” means— an investment fund within the meaning given by section 236(1) of the Finance (No. 2) Act 2023 (investment funds and investment entities), arrangements that amount to a collective investment scheme (see section 235 of the Financial Services and Markets Act 2000), or a collective investment undertaking within the meaning of regulation 3 of the Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), and an investment fund meets the genuine diversity of ownership condition where— it meets conditions A to C in regulation 75 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) (read with regulation 76 of those Regulations), or paragraph (5) of that regulation applies to it.

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Source: legislation.gov.uk · retrieved 2026-09-04