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Legislation
Finance (No. 2) Act 2005

Chapter 3 Authorised investment funds etc

  • Section 16 Open-ended investment companies
  • Section 17 Authorised unit trusts and open-ended investment companies
  • Section 18 Section 17(3): specific powers
  • Section 19 Section 17: commencement and procedure
  • Section 20 Unauthorised unit trusts: chargeable gains
  • Section 21 Unit trusts: treatment of accumulation units
  • Section 22 Section 349B ICTA: exemption for distributions to PEP/ISA managers
  • Section 23 Offshore funds
  1. Chapter 3 · Authorised investment funds etc
  2. Section 17: commencement and procedure

Section 19 | Section 17: commencement and procedure

From legislation.gov.uk

(1)Section 17(1) shall come into force on such day as the Treasury may appoint by order.

(2)An order under subsection (1) may—

(a)commence only a specified repeal;

(b)commence different repeals at different times;

(c)commence a repeal at different times for different purposes;

(d)include savings.

(3)Regulations under section 17(3) shall be subject to annulment by a resolution of the House of Commons.

(4)But the first set of regulations under section 17(3) may not be made unless a draft has been laid before and approved by resolution of the House of Commons.

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