# Finance Act 2026, Paragraph 9: Position of guarantor of affected person's liabilities under a security issued by the person

Extent: E+W+S+N.I.

In section 193 (interaction between claims under sections 184 and 192(1))—
(a) in subsection (1)—
(i) in paragraph (a), for “issuing company” substitute “borrower”,
(ii) for paragraph (b) substitute—
“(b) another person (“the lender”)”, and
(iii) in the words after paragraph (b), for “security” substitute “borrowing transaction”,
(b) in subsection (2) in paragraph (b), for “lending company” substitute “lender”,
(c) in subsection (3) for “lending company’s” substitute “lender’s”, and
(d) in subsection (4)—
(i) in paragraph (a), for “lending company” substitute “lender”, and
(ii) in paragraph (b), for “lending company’s” substitute “lender’s”.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/6/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-6/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.