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HMRC internal manual

International Exchange of Information Manual

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HM Revenue & Customs
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NRFI: FATCA Only: Limited Life Debt Investment Entity

NRFI: FATCA Only: Limited Life Debt Investment Entity

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 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 prior to 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 IEIM400900 for a general commentary on securitisation vehicles.