Regulation 5 Amendments to the principal Regulations

for paragraph (3) there shall be substituted—

“(3)

A plan investor’s cash subscription and any other cash held by aplan manager under a plan shall be held only in sterling and bedeposited in an account with a deposit-taker or a building society whichis designated for the purposes of these Regulations only.”;

in paragraph (5) after the words“regulation 6(3)(b)” there shall be inserted the words“, or in paired shares,” and for the words“and investment trusts” there shall be substituted the words“, investment trusts and paired shares”.