Related Commentary  

4(1)  Schedule 27 to ICTA 1988 (distributing funds) applies to–

(a)a part of a fund which is regarded as a separate offshore fund by virtue of section 756B(2) of that Act, and

(b)a class of interest, within a main fund, which is regarded as a separate offshore fund by virtue of section 756C(1) of that Act,

subject to the following modifications.

4(2)  In paragraph 1 (requirements as to distributions)–

(a)after sub-paragraph (2) add–

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