Regulation 4 Amendments to the principal Regulations

After regulation 2 there shall be inserted the following regulation—

“Definition of unapproved manufactured payment

2A

(1)

The definition of “unapproved manufactured payment” in paragraph 1(1) of Schedule 23A shall be amended as follows.

(2)

In paragraph (b) of the definition after the words “United Kingdom securities” where they first occur there shall be inserted the words “other than gilt-edged securities within the meaning given by section 51A(7) or in respect of”.”.