SCHEDULE 11RELIEF FOR ALTERNATIVE FINANCE INVESTMENT BONDS
PART 2ISSUE, TRANSFER AND REDEMPTION OF RIGHTS UNDER BOND NOT TO BE TREATED AS CHARGEABLE TRANSACTION
Bond-holder not to be treated as having an interest in the bond assets
I13
For 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.