Commencement
9(1)The amendments made by this Schedule have effect in relation to relevant transactions that—
(a)have an effective date on or after the day on which this Act is passed (“the commencement day”), and
(b)satisfy sub-paragraph (2).
(2)A relevant transaction satisfies this sub-paragraph if—
(a)it is not linked to a land transaction with an effective date before the commencement day (a “pre-commencement transaction”), or
(b)the only pre-commencement transaction to which it is linked is—
(i)an option binding the grantor to enter into the relevant transaction, or
(ii)a right of pre-emption restricting the right of the grantor to enter into it.