# The Taxation of Securitisation Companies Regulations 2006, Regulation 9: Meaning of “commercial paper funded company”


For the purposes of these Regulations a “commercial paper funded company” means—
(a) a company that was an asset-holding company but whose obligations under debtor relationships to a note-issuing company or intermediate borrowing company—
(i) have been transferred to, or
(ii) have been replaced by obligations under debtor relationships to,
one or more companies carrying on a business of banking, or
(b) a company that was an intermediate borrowing company but whose obligations under debtor relationships to a note-issuing company—
(i) have been transferred to, or
(ii) have been replaced by obligations under debtor relationships to,
one or more companies carrying on a business of banking.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110753275/regulation/9 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-securitisation-companies-regulations-2006/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.