Section 497 — Corporation Tax Act 2009: Power to change investments that are qualifying investments

Power to change investments that are qualifying investments 497 1 The Treasury may by order amend sections 493 to 496 so as to extend or restrict the descriptions of investments of an open-ended investment company, a unit trust scheme or an offshore fund that are qualifying investments for the purposes of those provisions.

2 The order may make—

a different provision for different cases, and b incidental, supplemental, consequential and transitional provision and savings.

3 In particular, the order may make such incidental modifications of section 495(2) as the Treasury consider appropriate.