(1) Section 27 of the Finance Act 2014 is amended -

(a) in subsection (1)(a)(ii), in paragraph (d) of the definition of "relevant period", by substituting "'relevant amount'" for "'average relevant amount'",

(b) in subsection (1)(g) by substituting "Article 11 of Commission Regulation (EU) No. 651/2014 of 17 June 2014 [OJ No. L187, 26.6.2014, p.1]" for "section 5.4 of the Community Guidelines on State aid to promote risk finance investments [OJ No. L187, 26.6.2014, p.70]", and

(c) in subsection (2) by substituting the following for paragraph (b):

"(b) Paragraphs (a) and (c) to (g) of subsection (1) have effect in respect of shares issued on or after 13 October 2015.".

(2) Part 16 of the Principal Act is amended -

(a) in section 488(1) -

(i) by deleting the definitions of "average relevant amount" and "average threshold amount",