# The Taxation of Securitisation Companies Regulations 2006, Regulation 13: Securitisation companies on 1st January 2007


(1) These Regulations do not apply to a company which before the start of the first accounting period of the company beginning on or after 1st January 2007—
(a) is a securitisation company within section 83 of the Finance Act 2005 (application of accounting standards to securitisation companies), or
(b) is a company in relation to which the following conditions are met—
(i) it is party as debtor to a capital market investment,
(ii) securities representing that capital market investment are issued, and
(iii) the capital market investment is part of a capital market arrangement.
This is subject to paragraph (2).
(2) The company may elect by notice in writing to Her Majesty’s Revenue and Customs, within 18 months of the end of that period, that these Regulations shall apply.
(3) An election under paragraph (2) is irrevocable.

---
Source: https://www.legislation.gov.uk/ukdsi/2006/0110753275/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-securitisation-companies-regulations-2006/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.