Paragraph 31

in paragraph (1) after the word “conditions" there shall be inserted the words “and any conditions which apply in respect of any such payment by virtue of rules made under section 169(2) of the Financial Services Act 1986"

in sub-paragraph (2)(a) for the words from “10 per cent." onwards there shall be substituted the words—

“(i)

any limit imposed on it by those rules or, if none is so imposed, 10 per cent. of the price at which the shares are issued; or

(ii)

the amount or rate authorised by the articles, whichever is the less”.