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7. In regulation 7(1) (application to transferred loans in England and Wales)—
(a)in the definition of “the Authority”, at the end, omit “and”;
(b)after the definition of “the Authority”, insert—
““postgraduate master’s degree loan” means, subject to any provisions of transfer arrangements, the total outstanding—
principal owed by a person to a loan purchaser pursuant to—
the 2016 Postgraduate Regulations; or
the 2017 Postgraduate Wales Regulations; and
interest, penalties and charges owed by a person to a loan purchaser pursuant to these Regulations in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and”;
(c)for the definition of “student loan”, substitute—
““student loan” means, subject to any provisions of transfer arrangements, the total outstanding principal, interest, penalties and charges owed by a person to a loan purchaser pursuant to—
these Regulations, other than any interest, penalties and charges owed in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and
any other Regulations made under section 22 of the 1998 Act, other than the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations.”.
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