Reporting Fund definition
Examples of Reporting Fund in a sentence
The Bank will only invest the Client’s money in authorised funds quoted on recognised leading exchanges and in funds traded on the London stock exchange which have a UK Reporting Fund Status approved by HMRC.
In the event that a Share Class of the Fund does not have reporting fund status or loses its reporting fund status in respect of a future accounting period (hereafter referred to as ‘Non Reporting Fund Share Classes’ or “non RFSC”) the heading entitled “Taxation of UK resident investors in non- RFSC” includes some comments in relation to the UK tax implications for UK resident investors in such a Share Class of the Fund.
In the event that a Share Class of the Fund will not have Reporting Fund Status or loses its Reporting Fund Status in respect of a future accounting period (hereafter referred to as ‘Non Reporting Fund Share Classes’ (“non RFSC”)) the heading entitled “Taxation of UK resident investors in non RFSC” includes some comments in relation to the UK taxation implications of UK resident investors in any non RFSC of the Fund.
The Directors will decide whether or not any future Share Class of the Fund will apply to HMRC for Reporting Fund Status on a Share Class by Share Class basis.
If Reporting Fund status is obtained, UK investors shall be subject to income tax on the excess of any reportable income over actual distributions received from the Reporting Fund (as well as being taxed on the distributions themselves) on the fund distribution date - i.e. six months after the end of the reporting period.
General OIG final report entitled Review of Indiana's Reporting Fund Recoveries for Federal and State Medicaid Programs on view Form CMS-64 for Federal Fiscal Years 2000 Through.
By: /s/ L▇▇▇▇ ▇▇▇▇▇▇▇ Name: L▇▇▇▇ ▇▇▇▇▇▇▇ Title: Treasurer By: /s/ S▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: S▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Managing Director Cascade Private Capital Fund Delaware All MassMutual Private Equity Funds LLC1 Delaware Treasury, Financial Reporting, Fund Accounting MassMutual Private Equity Funds Subsidiary LLC2 Delaware Treasury, Financial Reporting, Fund Accounting (Legal, Post-Trade, CFTC as necessary) 1 Name change anticipated to occur following execution.
In addition, any costs relating to obtaining and retaining Reporting Fund Status will be deemed to be expenses of the Fund.
The comments below under the heading entitled “Taxation of UK resident investors in RFSC” are based on the assumption that the Class GR Unhedged Shares will apply to HMRC to be a UK reporting fund from the beginning of its first period of account, and on the premise that each Reporting Fund Share Class (“RFSC”) will maintain reporting fund status with HMRC over the entire period in which it has UK resident investors.
Under the UK Offshore Fund legislation, a Shareholder who is resident in the UK for taxation purposes and holds an interest in an "offshore fund" will be taxed on any accrued gain at the time of sale, redemption or other disposal as income ("offshore income gains") at the income tax rates, unless the relevant Class is a "Reporting Fund" throughout their holding period.