Amendment of the principal Regulations11

In Part 4 (payments by way of specific assets not disregarded as payments in kind)—

a

for paragraph 1 and the heading preceding it substitute—

Securities1

Securities.

b

omit paragraphs 2 to 5;

c

omit paragraphs 7 and 8; and

d

in paragraph 11(a) (certificates conferring rights in respect of assets) for “1 to 4” substitute “1”.