02.25a – Limited Life Debt Investment Vehicles

To mirror the categories in the U.S. Regulations certain term limited securitisation vehicles using ‘Special Purpose Vehicles’, created to hold debt until maturity or until the liquidation of the vehicle will be regarded as Certified Deemed-Compliant Financial Institutions.

To qualify for this transitional relief, the securitisation vehicle must have been established before 17 January 2013 and meet both the definition of a securitisation company in CTA10/S623 and the specified conditions set out in The Taxation of Securitisation Companies Regulations 2006 (SI2006/3296).

See Section 2.40 for a general commentary on securitisation vehicles.