Regulation 8 Charges on land or any interest in land not to be treated as market chargesI1

No charge, whether fixed or floating, shall be treated as a market charge to the extent that it is a charge on land or any interest in land.

For the purposes of paragraph (1), a charge on a debenture forming part of an issue or series shall not be treated as a charge on land or any interest in land by reason of the fact that the debenture is secured by a charge on land or any interest in land.