Related Commentary  

68A(1)  This regulation applies if–

(a)a reporting fund has an interest in a non-reporting fund, and

(b)the conditions in paragraph (2) are met for a period of account.

68A(2)  The conditions are that–

(a)in accordance with the reporting fund’s rule or the instrument constituting the reporting fund, the aim of the fund’s investment policy is to replicate the performance of a qualifying index,

(b)the main purpose of the investment in the non-reporting fund is to represent the composition of the qualifying index, and

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