# Finance Act 1986, Section 74: Reconstructions etc: repeals.


(1) The following provisions shall cease to have effect—
(a) section 55 of the Finance Act 1927 and section 4 of the Finance Act (Northern Ireland) 1928 (reconstructions and amalgamations);
(b) paragraph 12(1) and (1A) of Schedule 18 to the Finance 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.

---
Source: https://www.legislation.gov.uk/ukpga/1986/41/section/74 (the official version)
Page: https://openlegislation.uk/finance-act-1986/section-74
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.