CFM72220 - Other tax rules on corporate finance: securitisation: periods beginning on or after 1 January 2005: the interim regime: definitions
Types of securitisation company in the interim regime
Five categories of securitisation company are dealt with in FA05/S83. They have the same names as in the permanent regime, and are
- a note-issuing company
- an asset-holding company
- an intermediate borrowing company
- a warehouse company
- a commercial paper funded company.
CFM72230 and CFM72240 has more on these categories.
The key requirement, that a company, must be party to a 鈥榗apital market arrangement鈥� (CMA) (CFM72230), is the same in both the interim and permanent regimes. Any explanation of other terms used in the permanent regime (for example, the interpretation of 鈥榠ncidental activities鈥�) may be taken to apply for the interim regime as it does for the permanent regime, unless otherwise specified.