308 Duties of promoter
Finance Act 2004 (2004 c 12) | Legislation

308  Duties of promoter

(1)     [A person who is a promoter in relation to a notifiable proposal] must, within the prescribed period after the relevant date, provide the Board with prescribed information relating to [the] notifiable proposal.

(2)     In subsection (1) “the relevant date” means the [earliest] of the following—

[(za)     the date on which the promoter first makes a firm approach to another person in relation to a notifiable proposal,]

(a)     the date on which the promoter makes [the] notifiable proposal available for implementation by any other person, or

(b)     the date on which the promoter first becomes aware of any transaction forming part of notifiable arrangements implementing the notifiable proposal.

(3)     [A person who is a promoter in relation to notifiable arrangements] must, within the prescribed period after the date on which he first becomes aware of any transaction forming part of

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