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Paragraph 103

(1)

Securities do not meet Condition A in section 1015 if they were issued—

(a)

before 6 April 1965 in respect of shares, or

(b)

before 6 April 1972 in respect of securities.

(2)

Securities do not fall within section 1015(3)(a)(ii) if they were issued before 6 April 1972.