Related Commentary  Related HMRC Manuals

623(1)  In this Chapter “securitisation company” means a company to which subsection (2) or (6) applies.

623(2)  This subsection applies to a company if–

(a)conditions A, B and C are met in relation to it, and

(b)it meets such other conditions as the Treasury may specify by regulations.

623(3)  Condition A is that the company is party as debtor to a capital market investment.

623(4)  Condition B is that securities representing that capital market investment are issued.

623(5)  Condition C is that the capital market investment is part of a capital market arrangement.

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