Information Memorandum - Foresight Group
Information Memorandum - Foresight Group
Information Memorandum - Foresight Group
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APPENDIX 3: GLOSSARY<br />
IN THIS DOCUMENT THESE EXPRESSIONS AND ABBREVIATIONS HAVE THE FOLLOWING MEANINGS<br />
UNLESS THE CONTEXT OTHERWISE REQUIRES.<br />
“Administrator” <strong>Foresight</strong> Fund Managers Limited or such other person as the Fund Manager may from time<br />
to time appoint to provide administration and safe custody services in respect of the Fund;<br />
“Applicable Laws” all relevant laws, regulations and rules, including those of any government or of the FCA, in<br />
any applicable jurisdiction;<br />
“Application Form” an application form to participate in the Fund completed by a prospective Investor in the<br />
form provided by the Fund Manager;<br />
“Associate” any person or entity which (whether directly or indirectly) controls or is controlled by<br />
the Fund Manager or any parent company of the Fund Manager (for the purpose of this<br />
definition “control” shall refer to the ability to exercise significant influence over the<br />
operating or financial policies of any person or entity);<br />
“Business Investment Relief” tax relief available to non domiciled residents on untaxed overseas income or gains to invest<br />
the UK in Qualifying investments without making a taxable remittance<br />
“Business Property Relief” relief from IHT pursuant to sections 103-114 Inheritance Tax Act 1984;<br />
“Capital Gains Tax Deferral Relief” relief by way of deferral of CGT (Section 150C and Schedule 5B of the Taxation of Chargeable<br />
Gains Act 1992);<br />
“Carry Back Relief” as described on page 25 of the <strong>Information</strong> <strong>Memorandum</strong>;<br />
“CGT” capital gains tax;<br />
“Complying Fund” a complying fund within the meaning of Article 2 of the Schedule to the Financial Services<br />
and Markets Act 2000 (Collective Investment Schemes) Order 2001;<br />
“Closing Date” a date by which Subscriptions may be accepted by the Fund Manager for the creation<br />
of Portfolios;<br />
“EIS” Enterprise Investment Scheme, as set out in the Income Tax Act;<br />
“EIS Qualifying Company” a company that meets the EIS requirements regarding EIS Relief and Capital Gains Tax<br />
Deferral Relief;<br />
“EIS Relief” relief from income tax under EIS;<br />
“Feed-in Tariff” payment of a set sum to producers of electricity from a renewable system per level of<br />
electricity generated;<br />
“<strong>Foresight</strong> <strong>Group</strong>” comprises <strong>Foresight</strong> <strong>Group</strong> CI Limited, <strong>Foresight</strong> <strong>Group</strong> LLP and <strong>Foresight</strong> Fund<br />
Managers Limited;<br />
“<strong>Foresight</strong> or Fund Manager” <strong>Foresight</strong> <strong>Group</strong> LLP (a limited liability partnership registered in England under number<br />
OC300878 and whose registered office is at ECA Court, 24-26 South Park, Sevenoaks,<br />
Kent TN13 1DU; and any other subsidiary of <strong>Foresight</strong> <strong>Group</strong> CI Limited from time to time.<br />
“FCA” The Financial Conduct Authority;<br />
“FCA Rules” the FCA’s rules made under powers given to the FCA by FSMA;<br />
“FSMA” the Financial Services and Markets Act 2000, as amended from time to time;<br />
“Fund” the <strong>Foresight</strong> Solar EIS Fund 3 which describes the aggregate of all the Investors’ Agreements;<br />
“HMRC” HM Revenue & Customs;<br />
“IHT” Inheritance Tax;<br />
“Income Tax Act” Income Tax Act 2007;<br />
“<strong>Information</strong> <strong>Memorandum</strong>” this document;<br />
36 FORESIGHT SOLAR EIS FUND 3