Part Y
Definitions and related matters
Measurement of company ownership
YC 20Credit account continuity provisions: excluded fixed rate securities
This section applies for the purposes of the credit account continuity provisions.
Section YC 6 applies as if—
- section YC 6(1)(a) were omitted; and
- each other reference to excluded fixed rate security were omitted.
Section YA 1 (Definitions) applies as if—
- paragraph (e) of the definition of excluded option were omitted; and
- in paragraphs (a), (b), and (f) of the definition of market value circumstance, the words an excluded fixed rate security were replaced by a.
Compare
- 2004 No 35 s OD 6