1. Article 485(3) shall begin to apply to reciprocal holdings existing between companies on the date of entry into force of this law from the end of the calendar year following that date, if they still exist at that time.
1 - O disposto no artigo 485.º, n.º 3, começa a aplicar-se às participações recíprocas existentes entre sociedades à data da entrada em vigor desta lei a partir do fim do ano civil seguinte à referida data, se nessa altura ainda se mantiverem.
2. The prohibition on exercising rights applies to the holding with the lower nominal value, unless the two companies agree otherwise.
2 - A proibição de exercício de direitos aplica-se à participação de menor valor nominal, salvo acordo em contrário entre as duas sociedades.
3. Holdings existing on the date of entry into force of this law are counted in calculating the 10% of the capital.
3 - As participações existentes à data da entrada em vigor desta lei contam-se para o cálculo dos 10% de capital.
The deferred application of Article 485(3) until the end of the calendar year following entry into force, the application of the prohibition to the holding with the lower nominal value unless otherwise agreed, and the counting of existing holdings towards the 10% threshold are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.