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Regulation 12 Modifications of section 21 of the Management Act in relation to qualifying dividend manufacturers

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Paragraph (2) prescribes the provision of the Management Act which shall apply in relation to qualifying dividend manufacturers and paragraph (3) specifies the modifications with which that provision shall apply.

(2)

The provision prescribed by this paragraph is section 21.

(3)

The modifications specified by this paragraph are that section 21 shall have effect as if–

(a)

references to “market maker” in subsections (1) to (5) included references to a qualifying dividend manufacturer, and

(b)

in subsection (1) the words from “whose” onwards were omitted.