Regulation 6 Disposal of property under a private finance transaction

In regulation 112, substitute the following paragraph for paragraph (1)—

“(1)

In this regulation, “relevant arrangement” means a credit arrangement—

(a)

which is a private finance transaction for the purposes of Part IV of these Regulations; and

(b)

of which the initial cost falls to be determined under regulation 40, 41 or 42, or which is entered into in reliance on a supplementary credit approval which applies for the purposes of the transaction and for no other purposes.”.