[F1Special provision in respect of Lehman Brothers investments and Keydata investmentsU.K.

5DI.—(1) Regulations 5DJ to 5DM make special provision in respect of an investment that is a Lehman Brothers investment or a Keydata investment.

(2) An investment is a Lehman Brothers investment if—

(a)the investment was a qualifying investment held by an account investor in a stocks and shares account on 15th September 2008;

(b)Lehman Brothers Holdings Inc. acted as the sole counterparty underwriting the investment on that day; and

(c)the investment was not sold or otherwise disposed of on that day so as to cause it to cease to be a qualifying investment of the account on that day or any other day.

(3) An investment is a Keydata investment if—

(a)the investment was a qualifying investment held by an account investor in a stocks and shares account on 8th June 2009;

(b)Keydata Investment Services Limited (Keydata) on that day—

(i)was the account manager of the account, or

(ii)administered the account for another account manager; and

(c)the investment was not sold or otherwise disposed of on that day so as to cause it to cease to be a qualifying investment of the account on that day or any other day.]

Textual Amendments