Paragraph 8 I1

Section 64 (government investment in certain securities) is amended as follows.

In the heading, for “the Post Office company and its subsidiaries” substitute “ certain companies ”.

In subsection (1), for “the Post Office company or of any of its subsidiaries” substitute

“—

(a)

a Post Office company,

(b)

a Royal Mail company, or

(c)

a company in the same group as a company within paragraph (a) or (b).”

After that subsection insert—

“(1A)

Securities acquired under this section may be held by a nominee.”

Omit subsection (3).