investment trust

a company listed in the United Kingdom or another EEA State which:

1. (a) is approved by the Commissioners for HM Revenue and Customs 35under section 842 of the Income and Corporation Taxes Act 1988 (or, in the case of a newly formed company, has declared its intention to conduct its affairs so as to obtain such approval); or
1. (b) is resident in an EEA State other than the United Kingdom and would qualify for such approval if resident and listed in the United Kingdom.5