# The Qualifying Private Placement Regulations 2015, Regulation 4: Conditions in relation to relevant securities


(1) Conditions A and B are specified in relation to the relevant security.
(2) Condition A is that the term of the relevant security does not exceed 50 years.
(3) Condition B is that—
(a) at the time the relevant security was entered into, it had a minimum value of £10 million; or
(b) where the relevant security had a lower value at the time it was entered into but it was comprised in a single placement with other relevant securities to the same debtor, the placement had a minimum value of £10 million.

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Source: https://www.legislation.gov.uk/uksi/2015/2002/regulation/4 (the official version)
Page: https://openlegislation.uk/qualifying-private-placement-regulations-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.