# The Taxation of Securitisation Companies Regulations 2006, Regulation 6: Meaning of “asset-holding company”


(1) For the purposes of these Regulations an “asset-holding company” means a company that meets conditions A and B.
(2) Condition A is that the company’s business, apart from any incidental activities, consists in acquiring, holding and managing financial assets forming the whole or part of the security for a capital market arrangement entered into by a note-issuing company.
(3) Condition B is that the company’s liabilities representing debtor relationships are owed wholly or mainly to a note-issuing company or intermediate borrowing company.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110753275/regulation/6 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-securitisation-companies-regulations-2006/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.