{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-7.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/6/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Position of guarantor of affected person's liabilities under a security issued by the person",
  "text": "(1) Section 192 is amended as follows.\n(2) In the heading, for “issuing company” substitute “borrower”.\n(3) In subsection (1)—\n(a) in the words before paragraph (a)—\n(i) for “section 191(1)(c)” substitute “subsection (1)(c) of section 191 (so far as it meets the condition in subsection (1)(d) of that section)”, and\n(ii) for “issuing company” substitute “borrower”,\n(b) omit paragraph (a),\n(c) for paragraph (b) substitute—\n“(b) was the person that owed the borrowing liabilities under the borrowing transaction, and”, and\n(d) in paragraph (c), for “issuing company” substitute “borrower”.\n(4) In subsection (3) for “issuing company's liabilities under the security” substitute “borrower’s liabilities under the borrowing transaction”.\n(5) Omit subsection (6).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/schedule/6/paragraph/7",
    "retrieved_at": "2026-10-29T08:42:24.914774+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}