Interpretation
2. In these Regulations—
“ACo” means Northern Rock plc, company registered number 03273685, or, except in relation to regulation 7, any wholly owned subsidiary of that company;
“BCo” means Gosforth Subsidiary No.1 plc, company registered number 06952311, or any wholly owned subsidiary of that company;
“CTA 2009” means the Corporation Tax Act 2009(1);
“relevant time” means any time when both ACo and BCo are wholly owned by the Treasury;
“relevant transfer” means—
a transfer or novation of any securities, or of any property, rights or liabilities, between ACo and BCo, or
the grant of a lease, sublease, licence or sub-licence by ACo to BCo or by BCo to ACo,
in relation to, in connection with, or by or under, the Northern Rock plc Transfer Order 2009(2) at a relevant time.