7 Amendment of regulation 5D (subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA and 4ZB)
In regulation 5D(2)-
(a) after paragraph (a)(ii), insert-

“(iia) a replacement subscription;”

;
(b) at the end of paragraph (a)(iii) omit “or”;
(c) at the end of paragraph (a)(iv) substitute “or” for “and”; and
(d) after paragraph (a)(iv) insert-

“(v) permitted in accordance with regulation 5DDC; and”

.