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Paragraph 8 Position of guarantor of affected person's liabilities under a security issued by the person

United Kingdom

In section 192A (provision for cases within Part 6A), in subsection (1)—

(a)

in paragraph (a), for “issuing company under the security” substitute “borrower in respect of the borrowing transaction”, and

(b)

in paragraph (d), for “issuing company” substitute “borrower”.