Valid from 01/01/2019
21. A ring-fenced body does not carry on an excluded activity or contravene a prohibition imposed by this Order by holding or selling any investments on or after 1st January 2019 provided that—
(a)the investment in question was created or acquired by the ring-fenced body before 1st January 2019, and
(b)the period remaining until the investment matures is less than two years at 1st January 2019.