# The Qualifying Private Placement Regulations 2015, Regulation 2: Interpretation


(1) In these Regulations—
“ITA 2007” means the Income Tax Act 2007;
“cancelled certificate” has the meaning given by regulation 7(7);
“creditor” means, in respect of a payment of interest on a relevant security, the person who is beneficially entitled to that interest;
“creditor certificate” has the meaning given by regulation 5(1);
“notification” means a notification in writing;
“relevant debtor” means the company which stands in the position of debtor in relation to a relevant security;
“relevant security” means a security or a loan relationship entered into before, on or after the date on which these Regulations come into force;
“scheme” includes any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
“tax advantage scheme” means a scheme the main purpose, or one of the main purposes, of which is to obtain a tax advantage within the meaning given by section 1139 of CTA 2010, other than a negligible tax advantage;
“withdrawn certificate” has the meaning given by regulation 6(4).
(2) Reference in these Regulations to a relevant security being entered into includes a relevant security being issued.

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Source: https://www.legislation.gov.uk/uksi/2015/2002/regulation/2 (the official version)
Page: https://openlegislation.uk/qualifying-private-placement-regulations-2015/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.