Reporting Fund definition

Reporting Fund means a fund that has been approved as a reporting fund by the United Kingdom HM Revenue & Customs in accordance with the Offshore Funds (Tax) Regulations 2009 and subsequent amendments.
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Reporting Fund. Status: It is the current policy of the Directors to take such steps as are required, for each accounting period in which the Cell subsists, to procure that Class A Shares, Class B Shares and Class C Shares are certified by H M Revenue & Customs as shares in a reporting fund for the purposes of UK tax rules on Offshore Funds. The Directors do however reserve the right to not make such an application in the future. Conversion of Class A Shares, Class B Shares and Class C Shares: Annual Dealing Day Valuations: Shareholders may not convert their Class A Shares, Class B Shares or Class C Shares from the Cell to another cell of the Fund. At the discretion of the Directors, they may convert their Shares from Class A Shares to Class C Shares on any Dealing Day in accordance with the procedure set out in the Articles. They Shareholders may not convert Class B Shares to Class A Shares, nor may they convert Class C Shares to Class A Shares or Class C Shares or Class C Shares to Class A Shares of Class B Shares. The Manager will calculate the Net Asset Value of the Cell on as at the Annual Dealing Valuation Point on the Annual Dealing Valuation Day. Subscription and Redemption Prices for all Shares subscribed or redeemed (as applicable) on an Annual Dealing Day will be based on these valuations and will be calculated as set out in the Offering Memorandum and in accordance with additional valuation provisions set out in this document on page 18pages 15 - 16. Special Dealing Day The Manager will calculate the Net Asset Value of the Cell Valuations: on as at the Special Dealing Valuation Point on the Special Dealing Valuation Day. Prices for all share subscriptions or redemptions on a Special Dealing Day will be based on these valuations and will be calculated as set out in the Offering Memorandum and in accordance with additional valuation provisions set out in this document on page 1815. Settlement: Payment for Shares should be received by the Manager two Business Days before the relevant Dealing Day or such earlier or later time as the Directors in their discretion determine. Subject to any liquidity constraints applicable to the Cell's Investments, redemption proceeds for the Annual Dealing Day will normally be paid no later than 30th September following that Annual Dealing Day. Redemption proceeds for a Special Dealing Day will normally be paid in cash no later than 3 months following the Special Dealing Day. Dates and procedures for transfers of assets in satisfac...
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Reporting Fund means a fund approved by HM Revenue & Customs pursuant to Part 3 of the Offshore Fund (Tax) Regulations 2009 of the United Kingdom.
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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.


More Definitions of Reporting Fund

Reporting Fund means a Fund or Share Class which has been granted reporting fund status by
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Related to Reporting Fund

  • Operating Fund means a fund in which the revenues and expenditures are subject to appropriation control.

  • Investing Fund any Fund investing Cash Balances and/or Cash Collateral in an Affiliated Money Market Fund; and

  • Underlying Fund means a collective investment scheme (including ETFs) which will be daily dealing, open-ended and may be listed or unlisted and will be domiciled in, in the case of regulated funds in an EU/EEA Member State authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 as amended (the "UCITS Regulations") or authorised under domestic legislation implementing the UCITS Regulations and such other investment funds as may be permitted by the Central Bank as Category 1 from time to time (category 1 investment funds pursuant to the AIF rulebook ("Category 1")), or authorised in an EU Member State (category 2 investment funds pursuant to the AIF rulebook ("Category 2")), Guernsey where authorised as "Class A Schemes" (Category 1) or "Class B Schemes" (Category 2), Jersey where established either as "Recognised Funds" (Category 1) or as funds that are not "Recognised Funds" (Category 2), the Isle of Man as "Authorised Schemes" (Category 1) or "unauthorised schemes" (Category 2), any investment funds authorised by the US Securities and Exchanges Commission under the Investment Companies Act 1940 (Category 2) and such other investment funds as may be permitted by the Central Bank as Category 2 from time to time. The AIFM will confirm to the Central Bank that any new Category 2 investment funds will comply in all material respects with the requirements applicable to a Retail Investor Alternative Investment Fund pursuant to the AIF Rulebook. In the case of unregulated funds, these will be domiciled in Australia, Hong Kong, South Africa, Bermuda, British Virgin Islands, the Cayman Islands, Singapore or Mauritius and will follow an investment strategy that seeks to provide capital appreciation to its investors through direct investment in transferable securities in the form of cash and/or cash equivalents, global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), REITs and global bonds which are listed on Recognised Markets (as set out in Appendix II of the Prospectus). Underlying Funds may not be leveraged. The Underlying Funds must comply with the investment restrictions of the Fund as outlined below.

  • Underlying Funds means open-end investment companies registered under the 1940 Act within the Voya fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on November 18, 2014.

  • Reporting Servicer As defined in Section 11.13.