Related Commentary  

67(1)  This regulation applies if a reporting fund has a wholly-owned subsidiary.

67(2)  For the purposes of this regulation, a company is a wholly-owned subsidiary of an offshore fund if and so long as the whole of the issued share capital of the company is–

(a)in the case of an offshore fund falling within paragraph (a) of the definition of “offshore fund” in section 40A(2) of FA 2008, directly or indirectly owned by the fund;

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