Paragraph 12 I1

United Kingdom

In regulation 17 (loans and credit arrangements), in paragraph (5)—

(a)

for the definition of “non-UK country”, substitute—

““non-Territory country” means a country that is not the Territory;”;

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(d)

in the definition of “category 1 loan”—

(i)

in paragraph (b)(ii)(aa), for “non-UK country” substitute “non-Territory country”;

(ii)

in paragraph (c), for “IP completion day” substitute “Part 3 first came into force”;

(e)

in the definition of “category 2 loan”—

(i)

in paragraph (b)(i), for “United Kingdom” substitute “Territory”;

(ii)

in paragraph (c), for “1st March 2022” substitute “14th April 2022”.

Annotations

F1: Sch. 2 para. 12(b) omitted (14.4.2022) by virtue of The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022 (S.I. 2022/453), arts. 1(1), 10(a)
F2: Sch. 2 para. 12(c) omitted (14.4.2022) by virtue of The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022 (S.I. 2022/453), arts. 1(1), 10(a)
F3: Sch. 2 para. 12(d)(e) inserted (14.4.2022) by The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022 (S.I. 2022/453), arts. 1(1), 10(b)