Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
11 EIS and SEIS: the no pre-arranged exits requirement
(1) ITA 2007 is amended as follows.
(2) In section 177 (EIS: the no pre-arranged exits requirement), for subsection (2) substitute—
(2) The arrangements referred to in subsection (1)(a) do not include—
(a) any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 247(1), or
(b) any arrangements with a view to any shares in the issuing company being exchanged for, or converted into, shares in that company of a different class.
(3) In section 257CD (SEIS: the no pre-arranged exits requirement), for subsection (2) substitute—
(2) The arrangements referred to in subsection (1)(a) do not include—
(a) any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 257HB(1), or
(b) any arrangements with a view to any shares in the issuing company being exchanged for, or converted into, shares in that company of a different class.
(4) The amendments made by this section have effect in relation to shares issued on or after 5 December 2016.
Your change, as a redline
11 EIS and SEIS: the no pre-arranged exits requirement
(1) ITA 2007 is amended as follows.
(2) In section 177 (EIS: the no pre-arranged exits requirement), for subsection (2) substitute—
(2) The arrangements referred to in subsection (1)(a) do not include—
(a) any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 247(1), or
(b) any arrangements with a view to any shares in the issuing company being exchanged for, or converted into, shares in that company of a different class.
(3) In section 257CD (SEIS: the no pre-arranged exits requirement), for subsection (2) substitute—
(2) The arrangements referred to in subsection (1)(a) do not include—
(a) any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 257HB(1), or
(b) any arrangements with a view to any shares in the issuing company being exchanged for, or converted into, shares in that company of a different class.
(4) The amendments made by this section have effect in relation to shares issued on or after 5 December 2016.
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