Part 7Derivative contracts

Chapter 2Contracts to which this Part applies

Introduction

575Overview of Chapter

1

This Chapter makes provision about the contracts to which this Part applies.

2

In particular, it—

a

contains a definition of “derivative contract” (see section 576),

b

contains other definitions (such as “relevant contract”, “option”, “future” and “contract for differences”) which are used in determining whether a contract is a derivative contract (see sections 577 to 583),

c

makes provision about cases in which companies are treated as parties to relevant contracts (see sections 584 to 586),

d

provides for certain contracts and transactions to be treated as derivative contracts (see sections 587 and 588), and

e

provides for certain contracts to be treated as not being derivative contracts because of their underlying subject matter (see sections 589 to 593).