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Amendment of section 110 of Act of 1990.
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4.—Section 110 of the Act of 1990 is hereby amended by the insertion of the following after subsection (2):
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“(2A) A person shall be regarded as having entered in good faith into a transaction to which subsection (2)(b) relates, if such person enters in good faith into—
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(a) negotiations with a view to entering an agreement to which paragraph (b) or (c) would relate, or
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(b) an agreement to underwrite securities, or
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(c) an agreement, in advance of dealing facilities being provided by a recognised stock exchange for securities, to acquire or subscribe for a specified number of those securities, or
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(d) a transaction in accordance with such person's obligations under an agreement to which paragraph (b) or (c) relates.”.
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