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Amendment of section 45 of and First Schedule to Principal Act.
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5.—(1) Section 45 of the Principal Act is hereby amended as follows:
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(a) by the substitution, for the words “on the vesting day” where they occur in subsections (1) and (2), of the words “with effect from the vesting day”; and
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(b) by the insertion, after the word “designated” where it occurs in subsection (1) (a) and (1) (b), of the words “whether before, on or after the vesting day”.
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(2) Paragraph 13 of Part I of the First Schedule to the Principal Act is hereby amended by the substitution, for the words “on the vesting day” where they last occur, of the words “with effect from the vesting day”.
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