As of 6 April 1997 this text has repealed
Section 18 (as amended by the Finance Act, 1996) of the Finance Act, 1989, is hereby amended in subsection (1) by the insertion of the following proviso to the definition of "specified collective investment undertaking":
"Provided that, for the purposes of this definition, reference to a qualifying management company shall be construed as if -
(i) in subsection (2) of section 39A (inserted by the Finance Act, 1981) of the Finance Act, 1980, there were deleted ‘and any certificate so given shall, unless it is revoked under subsection (4), (4A) or (4B), remain in force until the 31st day of December, 2005’, and
(ii) in subsection (2) of section 39B (inserted by the Finance Act, 1987) of the Finance Act, 1980, there were deleted ‘and any certificate so given shall, unless it is revoked under subsection (4), (5) or (5A), remain in force until the 31st day of December, 2005’.".