Related Commentary  

42(1)  Regulation 43 applies if–

(a)an investment trust disposes of an asset which is an interest in a non-reporting fund (“the asset”), and

(b)the conditions in paragraph (2) are satisfied for the period starting with the date on which the investment trust acquired the asset and ending with the day of the disposal.

42(2)  The conditions are that–

(a)the investment trust has access to the accounts of the non-reporting fund,

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