161 Non-FOTRA securities
Finance Act 1998 (1998 c 36) | Legislation

161  Non-FOTRA securities

(1)     Subject to the following provisions of this section, any gilt-edged security issued before 6th April 1998 without FOTRA conditions shall be treated in relation to times on or after that date as if—

(a)     it were a security issued with the post-1996 Act conditions; and

(b)     those conditions had been authorised in relation to the issue of that security by virtue of section 22 of the Finance (No 2) Act 1931.

(2)     Where a gilt-edged security falls to be treated

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