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Paragraph 33

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

In Schedule 2–

(a)

in paragraph 1, for the definition of “relevant security”, substitute–

  • ““relevant security” means units of a loan instrument, the issue of which amounts to the issue of sterling commercial paper or a sterling medium term note in accordance with regulation 7 in a case to which this Schedule applies.”;

(b)

omit paragraph 2(o).