Clause 5

by inserting, immediately after subsection (1), the following subsection:“(1A) Where subsection (1) would apply to the originator of any approved Islamic debt securities arrangement if that arrangement had not been entered into, that subsection shall continue to apply to the originator as if the arrangement had not been entered into.”; and

by inserting, immediately before the definition of “business of the making of investments” in subsection (2), the following definitions:“ “approved Islamic debt securities arrangement” and “originator” have the same meanings as in section 10(28);”.