SCHEDULES
SCHEDULE 3

Company distributions

Election to opt out of effect of Schedule in relation to a distribution made before 22 June 2010
7
1
If a company so elects, this Schedule has effect in relation to a relevant distribution received by the company as if—
a
the amendments made by paragraphs 1 to 4 were of no effect, and
b
paragraphs 5(2) and 6 were of no effect.
2
An election under this paragraph has effect only in relation to such distributions as are specified in the election.
3
In this paragraph “relevant distribution” means a distribution made before 22 June 2010.