176.—(1) Part 1 of Schedule 2 to the Broadcasting Act 1990 (restrictions on the holding of licences: general provisions) is amended as follows.
(2) In paragraph 2(1A)(a)(iii)(1) omit “as defined by section 220(1) of the Companies Act 1985”.
(3) In paragraph 2, after sub-paragraph (1A) insert—
“(1AA) In sub-paragraph (1A)(a)(iii), “depositary receipt” means a certificate or other record (whether or not in the form of a document)—
(a)which is issued by or on behalf of a person who holds shares or who holds evidence of the right to receive shares, or has an interest in shares, in a particular body corporate; and
(b)which evidences or acknowledges that another person is entitled to rights in relation to those shares or shares of the same kind, which shall include the right to receive such shares (or evidence of the right to receive such shares) from the person mentioned in paragraph (a).”.
Paragraph 2(1A) was inserted by the Broadcasting Act 1996 (c.55), Schedule 2, paragraph 2.