The disclosure regime1 places obligations2 on certain categories of person defined specifically for the purposes of that regime, principally promoters and introducers.
A 'promoter' is defined by reference to a notifiable proposal3 as a person who, in the course of any trade, profession or business which involves the provision of services relating to taxation (or in the course of business as a bank or securities house)4:
(1) is to any extent responsible for the design of the proposed arrangements;
(2) makes a firm approach5 to another person in relation to the notifiable proposal with a view to making the notifiable
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