66Loans and temporary transfers

66 Loans and temporary transfers (a) a transfer of marketable securities that is made as a security, other than a transfer to secure the rights of a purchaser or intended purchaser of the marketable securities under a contemplated sale; or (b) a re-transfer of marketable securities referred to in paragraph (a) to the original transferee. (2) No duty is chargeable under this Chapter in respect of a transfer of marketable securities that is made for the sole purpose of— (a) vesting the marketable securities in the transferee for sale and delivery; or (b) qualifying the transferee as nominee director to act and vote on behalf of a holding company as it directs; or (c) re-transferring marketable securities to a holding company referred to in paragraph (b).