UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported)
September 17, 2007
PERMANENT MASTER ISSUER PLC
(Exact name of issuing entity as specified in its charter)
PERMANENT FUNDING (NO. 2) LIMITED
(Exact name of depositor as specified in its charter)
HALIFAX PLC
(Exact name of sponsor as specified in its charter)
England and Wales 333-137495-01 N/A
(State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
of incorporation)
35 Great St. Helen's, London, United Kingdom EC3A 6AP
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: +44 (0)20 7398 6300
No Change
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(d)
under the Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 6.02 Change of Servicer or Trustee
As a result of the reorganisation (which is detailed in item 8.01 below), the
liabilities of Halifax plc (HALIFAX) as servicer, cash manager and issuing
entity cash manager will be transferred to Bank of Scotland plc (the BANK) and
the servicing agreement, the cash management agreement and the issuing entity
cash management agreement will be construed and have effect as if the Bank had
been a party thereto instead of Halifax and as if for any reference (however
worded and whether express or implied) to Halifax there were substituted a
reference to the Bank.
Item 6.03 Change in Credit Enhancement or Other External Support
As a result of the reorganisation, the liabilities of Halifax as Funding 2 swap
provider will be transferred to the Bank and the Funding 2 swap agreement will
be construed and have effect as if the Bank had been a party thereto instead of
Halifax and as if for any reference (however worded and whether express or
implied) to Halifax there were substituted a reference to the Bank.
The Bank is primarily engaged in providing financial services to customers
through the broadest distribution base of any UK retail bank, ranging from
branches to direct mail, telephone and internet banking. Its range of
multi-branded products includes personal and business banking, savings and
long-term investments, mortgages, personal loans and credit cards. The Bank is
the United Kingdom's leading provider of mortgages through various brands,
including Halifax. It is also the United Kingdom's largest liquid savings
provider.
Item 8.01 Other Events
Pursuant to the HBOS Group Reorganisation Act 2006 and with effect from
September 17, 2007, The Governor and Company of the Bank of Scotland was
registered as a public company under the Companies Act 1985 and changed its name
to Bank of Scotland plc and the business and all property and liabilities of
Halifax were transferred to the Bank.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PERMANENT FUNDING (NO. 2) LIMITED,
as Depositor
By: /s/ David Balai
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Name: David Balai
Title: Director
Dated: September 19, 2007