SCHEDULES

SCHEDULE 2Transitionals and savings

Part 8Venture capital trusts

The trading requirement

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For the purpose of determining whether shares or securities are to be regarded as comprised in a company's qualifying holdings, section 290 applies in relation to shares or securities issued before 6 April 2007 with the following modifications—

a

the omission of subsections (2) and (6), and

b

in subsection (5)(d), the omission of sub-paragraph (ii) and the “or” immediately before it.