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Paragraph 6

United Kingdom

The following shall be inserted after paragraph 22B—

“ No particular redemption date: special rule

22C
(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".”

Notes on Schedule 7

Textual amendments

F1

Sch. 7 repealed (29.4.1996 with effect in accordance with ss. 80-105 of the repealing Act) by 1996 c. 8, s. 205, Sch. 41 Pt. V(3), Note