Clause 27

by inserting, immediately after the words “except that” in subsection (6), the words “, where the instrument of assignment or charge specifies the number of book‑entry securities to which the assignment or charge relates,”;

by deleting paragraph (b) of subsection (10) and substituting the following paragraph:“(b)transferred by the chargor, by way of sale or otherwise, except —

upon the production of a duly executed discharge of charge in the prescribed form; or

upon the return of such book‑entry securities to the chargor’s control with the approval in writing of the chargee.”; and

by inserting, immediately after subsection (10), the following subsection:“(10A) A charge on book-entry securities made in accordance with the provisions of this section is treated as discharged if such book‑entry securities have been returned to the chargor’s control with the approval in writing of the chargee.”.