SCHEDULES

SCHEDULE 20Corporate venturing scheme

5

1

Paragraph 21 (meaning of “qualifying subsidiary”) is amended as follows.

2

In sub-paragraph (2)—

a

omit paragraphs (a) to (c),

b

before paragraph (d) insert—

ca

the subsidiary is a 51% subsidiary of the relevant company;

c

in paragraph (e) for “the conditions in paragraphs (a) to” substitute “ either of the conditions in paragraphs (ca) and ”.

3

In sub-paragraph (4)(a)(ii), after “company” insert “ concerned ”.

4

In sub-paragraph (5)—

a

after “qualifying subsidiary” insert “ of the relevant company ”,

b

for “and not part” substitute “ and is not to be part ”.