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

HMRC internal manual

Offshore Funds Manual

Reporting funds: breaches of reporting fund conditions: consequences of breaches: minor breaches - Regulation 109

A reporting fund that is in minor breach of the regulations will continue to be treated as a reporting fund, unless there are minor breaches on four separate occasions in a period of ten years beginning with the first day of the period of account in which the first breach occurs, in which event the fourth breach will be a serious breach (see OFM29260).

Note though that if a single event results in more than one minor breach within a single period of account then only one minor breach is treated as arising in that period of account.