Regulation 5 Interpretation of Part II
In this part of these Regulations—
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“manufactured dividend” shall be construed in accordance with paragraph 2 of Schedule 23A;
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“paragraph (b)” means paragraph (b) of the definition of “unapproved manufactured payment” in sub-paragraph (1) of paragraph 1 of Schedule 23A;
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“sub-paragraph (ii)” and “sub-paragraph (iii)” mean sub-paragraphs (ii) and (iii) respectively of paragraph (b).