Paragraph 22C F1

United Kingdom

(1)

This paragraph applies to a security whose terms contain no particular date by which it is to be redeemed.

(2)

In the case of such a security the following expressions, wherever they appear in this Schedule, shall be construed as if the words “before maturity” were omitted—

(a)

the expression “redemption which may be made before maturity”;

(b)

the expression “redemption before maturity”;

(c)

the expression “redeemed before maturity”.

Annotations

Textual amendments

F1: Sch. 11 para 22C and cross heading inserted (retrospectively and deemed always to have had effect) by Finance (No. 2) Act 1992 (c. 48), s. 33, Sch. 7 paras6, 7, 8

Notes on Schedule 11

Textual amendments

F1: Sch. 11 repealed (29.4.1996) by 1996 c. 8, ss. 104, 205, Sch. 14 para. 57, Sch. 41 Pt. V(3) (with savings in Pt. IV Ch. II (ss. 80-105))

Notes on No particular redemption date: special rule

Textual amendments

F1: Sch. 11 para 22C and cross heading inserted (retrospectively and deemed always to have had effect) by Finance (No. 2) Act 1992 (c. 48), s. 33, Sch. 7 paras6, 7, 8