Bond-holder not to be treated as having an interest in the bond assetsE+W
3E+WFor the purposes of this Act—
(a)the bond-holder under an alternative finance investment bond is not treated as having an interest in the bond assets;
(b)the bond-issuer under such a bond is not treated as a trustee of the bond assets.
Commencement Information
I1Sch. 11 para. 3 in force at 1.4.2018 by S.I. 2018/34, art. 3