SCHEDULES

SCHEDULE 2Transitionals and savings etc.

Part 5Savings and investment income: general

Transactions in deposits

93

(1)

This paragraph applies if—

(a)

a right falling within the definition of “uncertificated right” in section 552(2) is a right under an arrangement made on or before 16th July 1992, and

(b)

the right to call for the issue of a certificate of deposit (as defined in that section) is a right under that arrangement.

(2)

Chapter 11 of Part 4 (transactions in deposits) applies with the omission of section 552(1)(c) and (d)(i).