Finance Act 1995

Introductory

1 (1) In this Schedule—

(a) “approved stock lending arrangement” means an arrangement such as is mentioned in subsection (1), (2) or (2A) of section 129 and in relation to which that section and section 271(9) of the 1992 Act apply;

(b) “the borrower”, in relation to such an arrangement, means the person to whom the securities are transferred under the arrangement; and

(c) “the lender” means the person making that transfer and to whom, in return, securities of the same kind and amount are to be transferred.

(2) References in this Schedule to the borrower or lender under an approved stock lending arrangement include any person acting as the nominee of the borrower or lender.