SCHEDULE 7Alternative property finance relief
PART 4Exempt interest
Interest held by financial institution an exempt interest
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That interest ceases to be an exempt interest if—
(a)
the lease or agreement mentioned in paragraph 2(b) or 7(b) ceases to have effect, or
(b)
the right under paragraph 2(c) or 7(c) ceases to have effect or becomes subject to a restriction.