介绍性文本1.引文和开始2.撤销3.修改4.对于第3条替代-无条件豁免登记，如果某人在第5条上，则免除登记。在第3条后插入-根据第（2）款有条件豁免登记（1），一个人（“P”）是免税的。签名解释性说明

Introductory Text1.Citation and commencement2.Revocation3.Amendment4.For regulation 3 substitute— Unconditional exemption from registration A person is exempt from registration where that person on.5.After regulation 3 insert— Conditional exemption from registration (1) Subject to paragraph (2), a person (“P”) is exempt.SignatureExplanatory Note