SCHEDULES
SCHEDULE 4 DEEP DISCOUNT SECURITIES
Stock lending
16
(1)
In a case where—
(a)
a security is the subject of a transfer which falls within section 129(3), and
(b)
the transfer constitutes a disposal to which (apart from this paragraph) paragraph 4 above would apply,
that paragraph shall not apply to the disposal.
(2)
Sub-paragraph (1) above shall not apply unless the disposal is made on or after 14th March 1989.