(1) Section 737 of the Principal Act is amended -
(a) by the deletion in subsection (1) of the definition of "relevant period",
(b) by the substitution in subsection (2) for paragraph (a)(v) of the following paragraph:
"(v) the aggregate of consideration given for shares which are, at any time on or after 1 February 1996 and before 31 December 2000, assets subject to any trust created under the scheme shall not be less than -
(I) as respects qualifying shares, 55 per cent, and
(II) as respects specified qualifying shares, 10 per cent,
of the aggregate of the consideration given for the assets which are at that time subject to any such trust.",
and
(c) by the deletion in subsection (3)(a) of subparagraph (iii).
(2) This section shall be deemed to have applied as on and from 1 January 2001.