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Amendment of section 73 (exemptions) of Principal Act.
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67.—(1) Section 73 of the Principal Act is amended in subsection (1)—
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(a) in paragraph (b) by substituting “in priority, or” for “in priority.”, and
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(b) by inserting the following after paragraph (b):
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“(c) in respect of an operator-instruction effecting a transfer of rights to securities, in a company which is not an unquoted company within the meaning of section 63, where that transfer is a renunciation of those rights under a letter of allotment.”.
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(2) This section has effect in relation to instruments executed on or after 1 March 2003.
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