Clause 16

by deleting the word “There” in subsection (1) and substituting the words “Subject to such conditions as may be prescribed by regulations, there”;

by deleting the words “one month” in subsection (4)(a) and substituting the words “3 months”; (c)by inserting, immediately after the definition of “equity interest” in subsection (8), the following definition:“ “issued securities”, in relation to a company, means —

issued debentures of, or issued stocks or shares in, the company;

any right, option or derivative in respect of any such debentures, stocks or shares; or

such other securities of the company as may be prescribed;”; and

by deleting the definitions of “securities” and “value” in subsection (8) and substituting the following definition:“ “value” —

in relation to issued securities of a company other than those prescribed under paragraph (c) of the definition of “issued securities”, means the value of those securities at the time of their issue by the company; or

in relation to issued securities of a company prescribed under paragraph (c) of the definition of “issued securities”, means the value of those securities at the prescribed time.”.