Paragraph 28 Transitional provision: bearer instruments
United Kingdom
(1)
Sub-paragraph (2) applies in relation to bearer instruments issued before 1 January 2024—
(a)
in the United Kingdom, or
(b)
outside the United Kingdom by or on behalf of a UK company.
(2)
The amendment made by paragraph 19(3) is to be disregarded.
(3)
In sub-paragraph (1) “bearer instrument” and “UK company” have the same meaning as in Schedule 15 to FA 1999 (see paragraphs 3 and 11 of that Schedule).
(4)
Sub-paragraph (5) applies in relation to UK bearer instruments within the meaning of section 99(1A) of FA 1986 issued before 1 January 2024.
(5)
The amendments made by paragraph 6(2) and (3) are to be disregarded.