This section has no associated Explanatory Notes
7E+WCondition 2 is that—
(a)B, as bond-issuer, enters into an alternative finance investment bond (whether before or after entering into the arrangements mentioned in condition 1), and
(b)the interest in land to which the arrangements mentioned in condition 1 relate is held by B as a bond asset.
Commencement Information
I1Sch. 11 para. 7 in force at 1.4.2018 by S.I. 2018/34, art. 3