Amendment of regulation 5D (subscriptions disregarded for the purposes of the subscription limits in regulations 4ZA and 4ZB)

7.  In regulation 5D(2)-

(a)after paragraph (a)(ii), insert-

“(iia)a replacement subscription;”;

(b)at the end of paragraph (a)(iii) omit “or”;

(c)at the end of paragraph (a)(iv) substitute “or” for “and”; and

(d)after paragraph (a)(iv) insert-

“(v)permitted in accordance with regulation 5DDC; and”.