PART 3Regulation of health and adult social care services
CHAPTER 6Financial assistance in special administration cases
Supplementary
145Borrowing
(1)
F1NHS England may—
(a)
borrow from a deposit-taker such sums as it may from time to time require for exercising its functions under this Chapter;
(b)
give security for sums that it borrows.
(2)
But F2NHS England may not borrow if the effect would be—
(a)
to take the aggregate amount outstanding in respect of the principal of sums borrowed by it over such limit as the Secretary of State may by order specify, or
(b)
to increase the amount by which the aggregate amount so outstanding exceeds that limit.
(3)
In this section, “deposit-taker” means—
(a)
F4(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)
The definition of “deposit-taker” in subsection (3) must be read with—
(a)
section 22 of the Financial Services and Markets Act 2000,
(b)
any relevant order under that section, and
(c)
Schedule 2 to that Act.