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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
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Article 21 Transitional provision

A ring-fenced body does not carry on an excluded activity or contravene a prohibition imposed by this Order by holding or selling any investments on or after 1st January 2019 provided that -

(a) the investment in question was created or acquired by the ring-fenced body before 1st January 2019, and

(b) the period remaining until the investment matures is less than two years at 1st January 2019.