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SCHEDULES

SCHEDULE 5Financing costs and income of group companies

Amendments of Chapter 2 (application of Part)

3(1)Section 262 (UK net debt of the worldwide group for period of account of worldwide group) is amended as follows.

(2)In subsection (1)—

(a)for “The reference in section 261” substitute “A reference in this Chapter”, and

(b)after “relevant group company” insert “or a group securitisation company”.

(3)In subsection (8), in paragraphs (a) and (b), after “relevant group company” insert “or a group securitisation company”.