20(1)In section 217 (building societies: successor companies)—U.K.
(a)in subsection (3)(a)—
(i)for “trustees” substitute “ the trustees of a settlement ”, and
(ii)omit the word “and” at the end of the paragraph,
(b)omit subsection (3)(b), and
(c)in subsection (5) for “arising” substitute “ accruing ”.
(2)This paragraph shall have effect in relation to a transfer falling within section 216(1) which is effected on or after 6th April 2006.