Related Commentary  

263AA(1)  Subsections (2) to (7) apply for the purposes of section 263A.

263AA(2)  References to buying back securities include references to–

(a)buying similar securities, and

(b)in the case of a person connected with the person who is the original owner under the repo, buying the securities sold by the original owner or similar securities.

263AA(3)  Subsection (2) applies even if the person buying the securities has not held them before.

263AA(4)  References to repurchase or a repurchaser are to be read accordingly.

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