7U.K.In paragraph 23 (the trading activities requirement)—
(a)in sub-paragraph (3)(b), for “at least one group company” substitute “ the issuing company or a qualifying 90% subsidiary of the issuing company ”,
(b)in sub-paragraph (5)—
(i)for “a subsidiary” substitute “ a qualifying 90% subsidiary of the issuing company ”,
(ii)for “or subsidiary” substitute “ or a qualifying 90% subsidiary of the issuing company ”,
(c)in sub-paragraph (6), for “the company”, in the first place, substitute “ a company ”,
F1(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 20 para. 7(d) repealed (19.7.2007 with effect in accordance with Sch. 16 to the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(16)