Section 74 Reconstructions etc: repeals.

(1)

The following provisions shall cease to have effect—

(a)

section 55 of the M1Finance Act 1927 and section 4 of the M2Finance Act (Northern Ireland) 1928 (reconstructions and amalgamations);

(b)

paragraph 12(1) and (1A) of Schedule 18 to the M3Finance Act 1980 (demergers);

(c)

sections 78, 79 and 80 of the Finance Act 1985 (takeovers and winding-up).

(2)

In paragraph 12(3) of Schedule 18 to the Finance Act 1980 for the words “sub-paragraph (2) above” there shall be substituted the words “this paragraph”.

(3)

This section applies to any instrument executed in pursuance of a contract made on or after the day on which the rule of The Stock Exchange that prohibits a person from carrying on business as both a broker and a jobber is abolished.

Annotations

Marginal citations

M1: 1927 c. 10.
M2: 1928 c. 9 (N.I.).
M3: 1980 c. 48.