Part 13

Other special types of company etc
Chapter 4

Securitisation companies

Meaning of “securitisation company”
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1
In this Chapter “securitisation company” means a company to which subsection (2) or (6) applies.
2
This subsection applies to a company if—
a
conditions A, B and C are met in relation to it, and
b
it meets such other conditions as the Treasury may specify by regulations.
3
Condition A is that the company is party as debtor to a capital market investment.
4
Condition B is that securities representing that capital market investment are issued.
5
Condition C is that the capital market investment is part of a capital market arrangement.
6
This subsection applies to a company if there is between it and a company to which subsection (2) applies a relationship (direct or indirect) of a description specified by the Treasury by regulations.
7
In this section “capital market investment” and “capital market arrangement” have the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 1, 2 and 3 of Schedule 2A to that Act).