Corporation Tax Act 2010 section 613

Meaning of "open-ended investment company"

Section 613 defines what is meant by an "open-ended investment company" for the purposes of this chapter of the Corporation Tax Act 2010.

  • An open-ended investment company (OEIC) is a specific type of UK-incorporated collective investment vehicle.
  • To qualify, the company must be incorporated in the United Kingdom.
  • The company must also fall within the scope of section 236 of the Financial Services and Markets Act 2000 (FISMA 2000).
  • Both conditions — UK incorporation and coverage by section 236 of FISMA 2000 — must be met for a company to be treated as an OEIC under this chapter.

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