307 tal-2004 - Regolamenti tal-2004 li jemendaw ir-Regolamenti dwar Skemi ta’ Investiment Kollettiv (Income minn Investiment)

L.N. 307 of 2004

INCOME TAX ACT

(CAP. 123)

Collective Investment Schemes (Investment Income)

(Amendment) Regulations, 2004

BY virtue of the powers conferred by articles 41B and 96 of the

Income Tax Act, hereinafter referred to as “the Act” , the Prime

Minister and Minister of Finance has made the following regulations

(1) The title of these regulations is the Collective

Investment Schemes (Investment Income) (Amendment)

Regulations, 2004 and they shall be read and construed as one with

the Collective Investment Schemes (Investment Income)

Regulations, 2001, hereinafter referred to as the “principal

regulations”.

(2) These regulations shall be deemed to have come into

force on the 1 st May, 2004.

Immediately after regulation 15 of the principal regulations,

there shall be inserted the following new regulation

For the purposes of the investment income

provisions of the Act and of any regulations made

thereunder, “collective investment scheme” includes an

undertaking for collective investment in transferable

securities authorised in accordance with “Council Directive

85/611/EEC of 20 December 1985 on the co-ordination of

laws, regulations and administrative provisions relating to

undertakings for collective investment in transferable

securities (UCITS)” as amended up to and in force on the

1 st May, 2004 and as may be amended from time to time.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press