698 Requirements for discharge of foreign institution's duties
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

698  Requirements for discharge of foreign institution's duties

(1)     The requirements about the discharge of an institution's duties which are referred to in section 697(1) (one of which may be imposed in the case of certain foreign managers) are requirements A, B and C

(2)     Requirement A is that—

(a)     a person is currently appointed by the institution to be responsible for securing the discharge of the duties,

(b)     that person either—

(i)     is an individual who

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