IFM12626 - Offshore Funds: Reporting funds: reporting obligations: reports to participants: long accounting periods: incomplete information
Regulation 93 of SI 2009/3001
Where a reporting fund has a period of account exceeding 12 months and it cannot compute its reportable income for the first 12 months (the 鈥榬elevant reporting period鈥�) of that period (as required by regulation 92), then the fund may either calculate its reportable income based on the information reasonably available to it; or it may apportion the income of that period of account to the two reporting periods by time (or by some other method if this can be shown to give a more 鈥榡ust and reasonable鈥� result).
In either case, the reported income for the second reporting period within the period of account must include all amounts not accounted for in the relevant reporting period referred to above.