1(1)The exempt period for the purposes of this Schedule shall begin with a day appointed by the Secretary of State by order made by statutory instrument.U.K.
(2)If—
(a)an order is made under section 18(5) as a result of which section 18(1)(b) ceases to have effect, and
(b)the Crown ceases on any day to hold any special share provided for under the Corporation’s articles of association,
the exempt period for the purposes of this Schedule shall end with that day.
Modifications etc. (not altering text)
C1Sch. 3 para. 1(1): 1.5.2003 appointed for beginning of exempt period by S.I. 2003/1282, art. 2