(1) Section 29 of the Principal Act is amended -

(a) in subsection (1) by -

(i) substituting "company." for "company;" in the definition of "security", and

(ii) deleting "references to the disposal of assets mentioned in paragraphs (a) and (b) of subsection (3) and in subsection (6) include references to the disposal of shares deriving their value or the greater part of their value directly or indirectly from those assets, other than shares quoted on a stock exchange.",

and

(b) by inserting the following subsection after subsection (1) -

"(1A)

(a) In this subsection -

'arrangement' includes any agreement, understanding, scheme, transaction or series of transactions;

'relevant assets' means assets mentioned in -

(i) subsection (3)(a) or (b), or

(ii) subsection (6).