INTM269100 - Non-residents trading in the UK: through UK investment managers, brokers or Lloyd바카라 사이트檚 agents: the independence test: meaning of "widely held"
What 바카라 사이트渨idely held바카라 사이트� means
A fund is 바카라 사이트榳idely held바카라 사이트� in this context if either no majority interest in the fund is ultimately held by five or fewer persons and persons connected with them, or if no interest of more than 20% is held by a person and persons connected with him.
The fund may need to establish a track record before new investors are obtained and will therefore have 18 months from the commencement of trading in the UK to meet the widely held test.