Meaning of “warehouse company”
This section has no associated Explanatory Memorandum
8. For the purposes of these Regulations a “warehouse company” means a company whose business, apart from any incidental activities, consists in acquiring and holding financial assets for the purpose—
(a)of transferring them to a company (whether or not yet in existence) that at the time of the transfer is, or as a result of the transfer will become, an asset-holding or note-issuing company, or
(b)of itself becoming an asset-holding or note-issuing company.