4(1)Paragraph 17 (substitutions) is amended as follows.U.K.
(2)In sub-paragraph (2) before paragraph (a) insert—
“(za)the new policy cannot be a qualifying policy if the old policy was not a qualifying policy by virtue of—
(i)paragraph A1(2), B1(2), B2(2) or B3(3) above, or
(ii)sub-paragraph (i) above or this sub-paragraph;”.
(3)In sub-paragraph (2)(a) after the first “not” insert “ and paragraph (za) above does not apply ”.
(4)In sub-paragraph (4) for “(2)” substitute “ (2)(a) to (c) ”.
(5)After sub-paragraph (4) insert—
“(5)In determining under sub-paragraph (2)(a) to (c) above whether the new policy would apart from this paragraph be a qualifying policy, paragraph A1 above is not to be applied in relation to the issue of the new policy; but this does not stop that paragraph being applied in relation to the issue of the new policy after this paragraph has been applied.”