Finance Act, 1991
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Amendment of section 31 (interpretation (Chapter IV)) of Finance Act, 1986. |
11.— Section 31 of the Finance Act, 1986 , is hereby amended, in the definition of “relevant deposit” in subsection (1)— | |
(a) by the insertion in paragraph (a), with effect as on and from the 3rd day of December, 1990, of the following subparagraph after subparagraph (i): | ||
“(ia) the National Treasury Management Agency,”, | ||
and | ||
(b) by the substitution of the following paragraph for paragraph (e): | ||
“(e) which is a deposit denominated in a foreign currency but not including such a deposit made by an individual on or after the 1st day of June, 1991: | ||
Provided that, where on or after that date a deposit denominated in a foreign currency is made by an individual to a relevant deposit taker with whom that individual had a deposit denominated in the same foreign currency immediately prior to that date, such a deposit shall not be regarded as a relevant deposit,”. |