Amendment of paragraph 5

7.—(1) Paragraph 5 (supplemental provisions of schemes) is amended as follows.

(2) In sub-paragraph (2)(f), for the words from “the existing” to “appointees” substitute—

(i)the existing appointee and the new appointee or new owner,

(ii)a person referred to in sub-paragraph (i) and any other appointee or new owner of any other appointee, or

(iii)different companies which are other appointees or new owners of other appointees,.

(3) In sub-paragraph (2)(g), for “appointees” substitute “persons”.

(4) In sub-paragraph (3)(b), for “appointees” substitute “persons”.