[F1273AMeaning of “group securitisation company”U.K.
This section has no associated Explanatory Notes
For the purposes of this Chapter, a company is a “group securitisation company” at any time during a period of account of the worldwide group if—
(a)it is, at that time, a securitisation company within the meaning of section 83(2) of FA 2005 or section 623 of CTA 2010, and
(b)its results are disclosed in the financial statements of the worldwide group for the period.]
Textual Amendments
F1S. 273A inserted (retrospectively) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 paras. 12, 36(1)