Regulation 7 Amendments to the principal Regulations

In paragraph (1) for the words “qualifying persons” there shall be substituted “any qualifying person”;

after paragraph (3) there shall be added—

“(4)

In this regulation “qualifying person” means an interest manufacturer which—

(a)

is a company resident in the United Kingdom, and

(b)

makes payments of manufactured interest other than payments in respect of gilt-edged securities.”