CG41563 - Open-ended investment companies (OEICs): statutory definition of OEIC

An OEIC is defined by Authorised Investment Funds (Tax) Regulations 2006 (SI2006/964) Regulation 4 as a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.

Before 1 April 2006, the same statutory definition was provided by SI1997/1154 Regulation 10, but only for the purposes of ICTA 1988. Regulation 20 modified section 99 TCGA 1992 so that the same definition applied for the purposes of TCGA 1992.