Finance Act 2021

8 (1) Section 184 (unauthorised borrowing: other arrangements) is amended as follows.

(2) In subsection (1), for “arrangement which is not a money purchase arrangement” substitute “relevant arrangement”.

(3) After subsection (1) insert—

“(1A) In this section “relevant arrangement” means an arrangement that—

(a) is not a money purchase arrangement, or

(b) is a collective money purchase arrangement.”

(4) In subsection (2), in the definition of APB, for “arrangements which are not money purchase arrangements” substitute “relevant arrangements”.

(5) In subsection (3), in paragraphs (a) and (b), for “not money purchase arrangements” substitute “relevant arrangements”.