Projects considering / undergoing a refinancing must demonstrate compliance with the principles of the relevant Guidance as listed below.
The Voluntary Code of Conduct (the "Code") applies to all PFI transactions signed up to 30th September 2002. All other deals singed post 30th September 2002 should follow the SoPC (or equivalent) refinancing drafting.
Refinancing of Early PFI Transactions - Code of Conduct (if applicable)
SoPC Annex 1 - Guidance Note 'Calculation of the Authority's Share of a Refinancing Gain'
HMT Application Note on Value for Money in Refinancings
Scottish Executive VFM Assessment Guidance - Practical Application Note
FPU Letter on Refinancing - March 2006