| [s162] |
HMRC does not want the restrictions on loans to persons who are
or have been sponsoring employers to apply to loans issued to the
market generally. For example large schemes may want to buy
corporate bonds issued by the employer.
In accordance with section 162, the following are not classed
as loans for the purposes of this chapter, and are not subject to
the restrictions relating to employer loans if they are listed or
dealt in on a recognised stock exchange (within section 841 Income
and Corporation Taxes Act 1988 (ICTA)) or offered to the
public,
| Glossary ( RPSM20000000) |
