14(1) The profit of a securitisation company to be brought into account for an accounting period for corporation tax purposes is the aggregate of–
(a)the greater of–
(ii)the amount given by the formula–
RP – DS + D, and
(b)the amount specified in paragraph (3).
14(2) In paragraph (1)–
RP is the amount of the retained profit of the securitisation company for the accounting period;
DS is the amount of any distribution received in that accounting period from another securitisation company which is party to the capital market arrangement where the distribution is made from that company’s retained profit;