There are provisions within regulations 102 to 105 that relate specifically to financial traders if they hold interests in reporting funds that satisfy the conditions in regulation 73 (the equivalence and genuine diversity of ownership conditions).

These are anti-avoidance provisions to ensure that financial traders cannot avoid a charge to tax on certain transactions dealt with under regulations 80 to 89, on which they would otherwise be chargeable, by holding them through a fund that satisfied the conditions in regulation 73.

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