# Finance Act 2009, Paragraph 2


(1) Section 263B (stock lending arrangements) is amended as follows.
(2) In subsection (2), for “section 263C(2)” substitute “ sections 263C(2) and 263CA(3) and (5) ”.
(3) In subsection (4)—
(a) in paragraph (a), insert at the end “for a consideration equal to their market value at that time”,
(b) in paragraph (b), after “at that time” insert “ for that consideration ”, and
(c) insert at the end (not as part of paragraph (c))— “ This subsection does not apply where section 263CA (insolvency of borrower) applies. ”
(4) In subsection (7), omit the definition of “interest”.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-13/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.