beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Company Taxation Manual

Tax elected funds (TEFs): introduction & conditions of membership for the TEF regime: the scheme documentation condition

Under regulation 69Z48 SI2006/964 the scheme documentation condition requires that the instrument constituting the authorised investment fund (that is a trust deed for an authorised unit trust (AUT) or the instrument of incorporation for an open-ended investment company) and the fund’s prospectus must include provisions (in each of the documents) which require the fund to meet the property condition and the loan creditor condition on entry and throughout the accounting period.