1.—(1) A special resolution passed by the company prior to the coming into force of these Regulations which authorises the directors of the company to convert securities of the company into uncertificated form, and to issue units of securities in such form, under any Regulations that might be made by the Secretary of State under section 207 of the 1989 Act shall be regarded as an enabling resolution for the purposes of Part IX of these Regulations.
(2) An extraordinary resolution passed by the holders of a security prior to the coming into force of these Regulations which authorises the directors of the company to convert the security into an uncertiticated security in accordance with any Regulations that might be made by the Secretary of State under section 207 of the 1989 Act, without the necessity of any further resolution being passed and notwithstanding that the rights and obligations of a holder of a security may be thereby affected, shall be regarded as a relevant resolution for the purposes of regulation 75; provided that no resolution shall be so regarded if, in addition to conversion, it deals with any other business.