Section 259NA | Meaning of “relevant investment fund” ^F1

(1)“Relevant investment fund” means—^F1

(a)an open-ended investment company within the meaning of section 613 of CTA 2010,^F1

(b)an authorised unit trust within the meaning of section 616 of that Act, or^F1

(c)an offshore fund within the meaning of section 354 of this Act (see section 355),^F1

which meets the genuine diversity of ownership condition (whether or not a clearance has been given to that effect).

(2)“The genuine diversity of ownership condition” means—^F1

(a)in the case of an offshore fund, the genuine diversity of ownership condition in regulation 75 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), and^F1

(b)in the case of an open-ended investment company or an authorised unit trust, the genuine diversity of ownership condition in regulation 9A of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964).^F1