58(1)In relation to shares to which sub-paragraph (2) or (3) applies, section 186 applies with the substitution in subsections (1) and (2)—U.K.
(a)of “£15 million” for “£7 million”, and
(b)of “£16 million” for “£8 million”.
(2)This sub-paragraph applies to shares issued to a person who subscribed for them before 22 March 2006.
(3)This sub-paragraph applies to shares issued to the managers of an investment fund approved for the purposes of section 251 by the Commissioners for Her Majesty's Revenue and Customs if—
(a)the fund was approved before 22 March 2006,
(b)investments in the fund have been accepted before 6 April 2006, and
(c)the shares are issued to the managers as nominee for an individual who has (whether or not before 6 April 2006) invested in the fund.