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Regulation 2 Exclusion from short-term loan relationship

Original text. Later amendments are not shown.

For the purposes of paragraph 60 of Schedule 15 to FA 2009 (intra-group short-term finance: financing expense), a finance arrangement is not to be taken as a short-term loan relationship for the relevant period or any parts of the relevant period where—

(a)

any part or all of the finance arrangement is made for a long-term funding purpose; or

(b)

the finance arrangement is a long-term aggregated loan relationship.