16(1)Article 207 of the 1989 Order (avoidance of certain floating charges) has effect as follows.
(2)Paragraph (3)(a) has effect as if the reference to the period of 2 years ending with the onset of insolvency were to the period which—
(a)begins with whichever is the later of—
(i)the day 2 years before the day on which the petition was presented, and
(ii)the day 2 years and 6 months before the day on which the winding-up order was made, and
(b)ends with the day on which the winding-up order was made.
(3)Paragraph (3)(b) has effect as if the reference to the period of 12 months ending with the onset of insolvency were to the period which—
(a)begins with whichever is the later of—
(i)the day 12 months before the day on which the petition was presented, and
(ii)the day 18 months before the day on which the winding-up order was made, and
(b)ends with the day on which the winding-up order was made.