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8(1)Paragraph 36 of Schedule 15 to FA 2000 (corporate venturing scheme: requirement as to money raised) is amended as follows.U.K.
(2)In sub-paragraph (1), for “At least 80%” substitute “ All ”.
(3)Omit sub-paragraph (1A).
(4)In sub-paragraph (1B), for “12 months” (in both places) substitute “ two years ”.
(5)In sub-paragraph (1C), for “Sub-paragraphs (1) and (1A) are” substitute “ Sub-paragraph (1) is ”.
(6)In sub-paragraph (5) omit “does not apply and the requirement of sub-paragraph (1A)”.