Paragraph 5

Where by virtue of paragraph 4(a) or (c) an existing transfer of control agreement is treated as entered into pursuant to paragraph 2 or 6 of Schedule 13 to the 1998 Act, paragraph 2(3)(a) and (b)(i) or, as the case may be, paragraph 6(3)(a) and (b)(i) of that Schedule shall not apply in relation to that agreement.