Paragraph 125
(1)
Section 655 applies only if—
(a)
in the case of overseas securities, the agreement to sell the securities mentioned in section 654(2) is entered into after 5 November 1996, and
(b)
in any other case, the agreement to sell the securities so mentioned is entered into after 30 April 1995.
(2)
In sub-paragraph (1) “overseas securities” has the same meaning as in Part 11 (see section 567).