SCHEDULE 11RELIEF FOR ALTERNATIVE FINANCE INVESTMENT BONDS
PART 3CONDITIONS FOR OPERATION OF RELIEFS ETC.
Condition 2
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Condition 2 is that—
a
B, as bond-issuer, enters into an alternative finance investment bond (whether before or after entering into the arrangements mentioned in condition 1), and
b
the interest in land to which the arrangements mentioned in condition 1 relate is held by B as a bond asset.