Finance Act 2022

Category A investors

8 (1) The following are category A investors—

(a) a QAHC;

(b) a qualifying fund (see paragraph 9);

(c) a relevant qualifying investor (see paragraph 10);

(d) an intermediate company (see paragraph 11);

(e) a public authority falling within sub-paragraph (2).

(2) Those public authorities are—

(a) any Minister of the Crown (within the meaning of the Ministers of the Crown Act 1975);

(b) any United Kingdom government department;

(c) the Scottish Ministers;

(d) any Northern Ireland department;

(e) the Welsh Ministers;

(f) any local authority or local authority association in the United Kingdom;

(g) the Education Authority of Northern Ireland;

(h) the Northern Ireland Housing Executive;

(i) any health service body (within the meaning given by section 985 of CTA 2010);

(j) any public authority who exercises public functions in connection with the coordination or provision of public transport for a region of the United Kingdom (for example, Transport for London or an executive for an integrated transport area, a combined authority area or a passenger transport area).

(3) The Treasury may by regulations provide that any other public authority specified, or falling within a description specified, in the regulations is also a category A investor.