24. Section 1087A of the Principal Act is amended by the substitution of the following definition for the definition of “relevant securities”:

“ ‘relevant securities’ means securities that are—

(a) issued by a relevant issuer, and

(b) registered in the name of—

(i) a central securities depository, or

(ii) a body as may from time to time be nominated by a central securities depository to hold securities represented in that depository’s securities settlement system;”.