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383(1)Amend section 68 (meaning of “material interest” in a company) as follows.U.K.
(2)In subsection (2) for “such associates” substitute “ other such associates ”.
(3)In subsection (3) for “such associates” substitute “ other such associates ”.
(4)In subsection (4)—
(a)in the definition of “associate”—
(i)for “section 417(3) of ICTA” substitute “ section 448 of CTA 2010 ”,
(ii)for “section 417(3)”, in the second place, substitute “ section 448(1) ”, and
(b)in the definition of “participator” for “section 417(1) of ICTA” substitute “ section 454 of CTA 2010 ”.