5U.K.In section 730A(1) of the Taxes Act 1988 (treatment of price differential on sale and repurchase of securities), for paragraph (b) substitute—
“(b)the original owner or a person connected with him—
(i)is required to buy them back in pursuance of an obligation imposed by, or in consequence of the exercise of an option acquired under, that agreement or any related agreement, or
(ii)acquires an option to buy them back under that agreement or any related agreement which he subsequently exercises; and”.