Regulation 2 Interpretation

In these Regulations—

• “available arrangements” means alternative finance arrangements which, by virtue of regulation 3, are available to the Treasury for raising money;

• “bond” means arrangements to which section 564G (investment bond arrangements) of the Income Tax Act 2007^f1 or section 151N (investment bond arrangements) of the Taxation of Chargeable Gains Act 1992^f2 applies;

• “money” means sterling or any other currency or medium of exchange, whether national or international;

• “raising money” includes raising money outside the United Kingdom; and

• “relevant person” means the Treasury or the Secretary of State.