Section 16(4B)

A transferable security or money-market instrument falls within this paragraph if it has a maturity exceeding 30 days and is issued on or after 1st March 2022 by— a person, other than an individual, which is— incorporated or constituted under the law of any part of the United Kingdom, and owned by a person falling within Schedule 2; or a person, other than an individual, acting on behalf or at the direction of a person within sub-paragraph (a).

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Source: legislation.gov.uk · retrieved 2026-08-30