SCHEDULES

SCHEDULE 46Government borrowing: alternative finance arrangements

Interpretation

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1

In this Schedule a reference to a person other than the Treasury includes a reference to—

a

a body corporate established by or under regulations, and

b

a company formed under the Companies Acts.

2

For the purposes of sub-paragraph (1)(b), it does not matter—

a

whether a company is formed specially in connection with the raising of money through alternative finance arrangements,

b

whether a company is formed by the Treasury, or

c

whether a company is independent of the Treasury.