Regulation 50A | Meaning of “equalisation arrangements”, “full equalisation arrangements” and “equalisation amount”

For the purposes of this Part—^F1

(a)a reporting fund operates equalisation arrangements if it has given a statement under regulation 53(1)(h) that it intends to operate such arrangements;^F1

(b)a reporting fund operates full equalisation arrangements if in relation to any interest acquired by way of initial purchase in the reporting period—^F1

(i)the equalisation amount included in the consideration for the purchase is specified by the fund in a statement in writing to the participant making the acquisition, or^F1

(ii)the equalisation amount per unit of interest in the fund is included in the report made available in accordance with regulation 90;^F1

(c)“equalisation amount” has the meaning given in regulation 72(2).^F1