SCHEDULES

C1SCHEDULE 4 DEEP DISCOUNT SECURITIES

Annotations:
Modifications etc. (not altering text)
C1

Sch. 4 modified (27.7.1993) by 1993 c. 34, s. 64(2)

F1 Convertible securities: special rules

Annotations:
Amendments (Textual)
F1

1990 s.56and Sch.10 paras.26(3), 29(4)on and after 9June 1989.

21

In a case where—

a

a security is a qualifying convertible security, for the purposes of Schedule 10 to the Finance Act 1990, at the time of its issue, and

b

apart from this paragraph it would be a deep discount security at that time,

the security shall be treated, at the time of its issue and at all subsequent times, as not being a deep discount security.