Regulation 2

replace paragraph (4) with —“(4) Paragraphs (1), (2) and (3) do not apply where the sale, transfer, assignment or disposal mentioned in those paragraphs is a relevant transaction and a continued charge is constituted under section 21C(1)(d) of the Act as a result of the sale, transfer, assignment or disposal.”;

in paragraph (6), in the definition of “relevant amount”, in paragraph (a)(i), replace “the charge” with “all of the charges”;

in paragraph (6), in the definition of “relevant amount”, in paragraph (b), replace sub‑paragraph (i) with —“(i)the amount payment of which was secured by all of the charges on the property mentioned in section 27DA(1)(b) of the Act; over”;

in paragraph (6), in the definition of “relevant amount”, in paragraph (c), replace sub‑paragraph (i) with —“(i)the amount payment of which was secured by all of the charges on the property mentioned in section 27DB(1)(b) of the Act; over”; and

in paragraph (6), after the definition of “relevant amount”, insert —“ “relevant transaction” has the meaning given by section 21E(1) of the Act read with regulation 19 of the Central Provident Fund Regulations 1987;”.