{
  "url": "https://openlegislation.uk/taxation-of-securitisation-companies-amendment-no2-regulations-2007/note",
  "json_url": "https://openlegislation.uk/taxation-of-securitisation-companies-amendment-no2-regulations-2007/note.json",
  "legislation": "uksi/2007/3401",
  "legislation_title": "The Taxation of Securitisation Companies (Amendment No.2) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/taxation-of-securitisation-companies-amendment-no2-regulations-2007",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Taxation of Securitisation Companies Regulations 2004 (S.I. 2006/3296: “the Principal Regulations”).\nRegulation 1 provides for citation, commencement and effect. Authority for the limited retrospective effect is given by section 84(5)(b) of the Finance Act 2005 (c. 7).\nRegulation 2 amends the Principal Regulations as follows.\nParagraph (2) amends regulation 2 (interpretation) to include a definition of “insurance special purpose vehicle”.\nParagraph (3) amends regulation 5 (meaning of “note-issuing company”) to allow a note-issuing company to be a party to a creditor relationship with an insurance special purpose vehicle.\nParagraph (4) amends regulation 7 (meaning of “intermediate borrowing company”) to allow a company to be an intermediate borrowing company if it has a creditor relationship with an insurance special purpose vehicle.\nA full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/3401/note",
    "retrieved_at": "2026-10-29T03:40:18.455680+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}