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2(1)Section 274 (requirements for the giving of approval) is amended as follows.U.K.
(2)In subsection (2), in the list of conditions, at the end insert—
| “The investment limits condition | The company has not made and will not make an investment, in the relevant period, in a company which breaches the permitted investment limits” |
(3)In subsection (3), omit the “and” at the end of paragraph (d), and after paragraph (e) insert “, and
(f)the investment limits condition by section 280B.”