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Changes over time for: Paragraph 4
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 19/03/1997
Status:
Point in time view as at 01/09/1994. This version of this provision has been superseded.
Status
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Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1987, Paragraph 4.
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4(1)In section 89, after subsection (1) there shall be inserted —
“(1A)Section 87 above shall not apply as regards an agreement to transfer securities to B or his nominee if the agreement is made by B in the ordinary course of his business as a market maker in securities consisting of related quoted options; and in this subsection —
(a)“quoted options” means options quoted on The Stock Exchange, and
(b)“related quoted options” means quoted options to buy or sell securities of the kind transferred.”
(2)This paragraph shall be deemed always to have had effect.
Yn ôl i’r brig