Regulation 4 Amendment of Definitions

In regulation 2 insert in the appropriate place—

“(a)

“the 2008 Act” means the Sale of Student Loans Act 2008;”;

“(b)

“further transfer arrangements” has the meaning given to it in the 2008 Act;”;

“(c)

“loan purchaser” in addition to the meaning given to it in the 2008 Act includes any person who has entered into transfer arrangements or further transfer arrangements with the Secretary of State or with another loan purchaser or both and who owns one or more student loans made pursuant to regulations under section 22 of the Act;”;

“(d)

“transfer arrangements” has the meaning given to it in the 2008 Act;”;

“(e)

“transferred loan” means any loan made to a borrower pursuant to regulations under section 22 of the Act and which has been the subject of transfer arrangements under the 2008 Act entered into by the Secretary of State;”.

At the end of the definition of “Secretary of State” in regulation 2, add “and 3(6)”.

At the end of the definition of “student loan” in regulation 2, insert “and 3(8)”.