Schedules

Schedule 4Investment vehicles

Part 3Qualifying asset holding companies

8Securitisation companies unable to be QAHCs

1

In paragraph 2(1) (conditions for being a QAHC), in paragraph (e) for “not” substitute “neither a securitisation company nor”.

2

In paragraph 58(1) (interpretation), at the appropriate place insert—

  • “securitisation company” means a company whose profits are brought into account, for corporation tax purposes, in accordance with regulation 14 of the Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296);

3

The amendments made by this paragraph are treated as having come into force on 15 March 2023.

4

Those amendments are not to have effect in relation to a securitisation company that was a QAHC immediately before that date for so long as it continuously remains a QAHC.