257 tal-2008 - Regolamenti tal-2008 li jemendaw ir-Regolamenti dwar Skemi ta’ Investiment Kollettiv (Income minn Investiment)

L.N. 257 of 2008

INCOME TAX ACT

(CAP. 123)

Collective Investment Schemes (Investment Income)

(Amendment) Regulations, 2008

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

Income Tax Act, the Minister of Finance, the Economy and Investment

has made the following regulations>–

The title of these regulations is the Collective Investment

Schemes (Investment Income)(Amendment) Regulations, 2008 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”.

Paragraph (b) of the definition “switch” in sub-regulation (1)

of regulation 15(1) of the principal regulations shall be amended as

follows>

(a) in sub-paragraph (i) thereof, immediately after the words

“Part VIII of the Companies Act” there shall be added the words

“in the case of a Malta based scheme,”<and

(b) in item (3) of sub-paragraph (iii) thereof, immediately

after the words “first mentioned sub-fund” there shall be added

the words “, provided that the requirement to have the same

custodian shall be waived where an investor is required to carry

out a forced switch in cases where an investment manager decides

to close a sub-fund of a collective investment scheme and to offer

the opportunity to investors to transfer the relevant investment to

a sub-fund of another collective investment scheme”.

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

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