# The Financial Services Act 1986 (Corporate Debt Exemption) Order 1997, Article 2: Corporate debt exemption


Part I of Schedule 5 to the Act shall be amended as follows:
(a) for paragraphs (a) and (b) of paragraph 2(2) there shall be substituted—
“(a) a debenture or other instrument falling within paragraph 2 of Schedule 1 to this Act which is issued on terms requiring repayment not later than five years from the date of issue;”
(b) in paragraphs (d), (e), (f)(i) and (g)(i) of paragraph 2(2), for “paragraph (a), (b) or (c)” there shall be substituted “paragraph (a) or (c)”.

---
Source: https://www.legislation.gov.uk/uksi/1997/816/article/2 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-corporate-debt-exemption-order-1997/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.