# The Risk Transformation Regulations 2017, Regulation 150: Perpetual debentures


A condition contained in debentures, or in a deed for securing debentures, is not invalid by reason only that the debentures are made redeemable only—
(a) on the happening of a contingency (however remote); or
(b) on the expiration of a period (however long),
any rule of equity notwithstanding.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/150 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-150
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.