Related Commentary  Related HMRC Manuals

696(1)  Investment plan regulations may provide that investments are to be held by persons on behalf of investors.

696(2)  In this Chapter those persons, including the managers of any such account as is specified in section 695(2), are referred to as “plan managers” , and references to “plan managers” in any other enactment are to be read accordingly.

696(3)  Investment plan regulations may–

(a)provide that plan managers are to be such as are approved by the Commissioners for Her Majesty's Revenue and Customs, and

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