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Article 2 Corporate debt exemption

Original text. Later amendments are not shown.

Part I of Schedule 5 to the Act shall be amended as follows:

(a)

for paragraphs (a) and (b) of paragraph 2(2) there shall be substituted—

“(a)

a debenture or other instrument falling within paragraph 2 of Schedule 1 to this Act which is issued on terms requiring repayment not later than five years from the date of issue;”

(b)

in paragraphs (d), (e), (f)(i) and (g)(i) of paragraph 2(2), for “paragraph (a), (b) or (c)” there shall be substituted “paragraph (a) or (c)”.