11(1)  Modify section 440 (transfers of assets etc) as follows.

11(2)  In subsection (2), in paragraph (b), for is “within another of those categories” substitute “is not within the corresponding category”.

11(3)  In subsection (4)–

(a)in paragraphs (a) and (d) to (f) before “assets” insert “UK”, and

(b)at the end insert–

“(h)assets of the company which are not UK assets.”.

11(4)  After subsection (4) insert–

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