SCHEDULES

SCHEDULE 2Transitionals and savings

Part 12Manufactured payments and repos

Deemed manufactured payments: repos

116

1

This paragraph applies if an agreement to sell securities was made before 9 April 2003, for the purpose of determining whether section 602 applies.

2

Section 601 applies with these modifications.

3

It applies as if in subsection (1)(c) for “the first or second set of relevant conditions” there were substituted “ subsection (2) ”.

4

It applies as if in subsection (2) for “This is the first set of relevant conditions” there were substituted “ These are the conditions ”.

5

It applies as if subsection (3) were omitted.