Finance Act 2008

12 (1) Regulations may make modifications of any enactment. U.K.

(2) Regulations may provide that available alternative finance arrangements are to be treated for the purposes of any enactment—

(a) as an investment or security of a particular description, or

(b) as an investment or security listed on a particular stock exchange.

(3) In this paragraph—

• “available alternative finance arrangements” means alternative finance arrangements of a kind that, under regulations, are available for raising money;

• “enactment” means an enactment contained in an Act or other instrument;

• “modifications” includes amendments, repeals and revocations.