Regulation 3 Amendment of the principal Regulations

Amend the principal Regulations as follows.

In regulation 7(2)^f1 after sub-paragraph (j) add—

“(k)

investments which—

(i)

were held under a stocks and shares component on 28th November 2001,

(ii)

on that date were admitted to trading on a recognised stock exchange in an EEA State and were not listed by a competent authority in an EEA State for the purposes of Council Directive 2001/34^f2,

(iii)

since that date have not ceased to be so admitted and have not become so listed,

(iv)

do not fall within any of the other sub-paragraphs of this paragraph, and

(v)

are not investments which, having fallen within any of those sub-paragraphs, have ceased so to fall on or after that date.”