IFM14350 | Cessation of approval

Once a company is approved as an investment trust then it continues to be treated as approved until any of the following occur–

• a failure to provide specified information, and approval was conditional on such provision (this applies where a company has not yet commenced an accounting period or its shares were not listed at the time of application, see regulations 7, 8 and 13);

• A serious breach of the regulations (regulation 29 - see IFM14530 onwards)

• the company no longer meets one or more of the eligibility conditions at CTA2010/S1158 (regulation 30 - see IFM14510);

• the company ceases to self-assess as an investment trust (regulation 31 - see IFM14510).