Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 151
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 24/07/2002
Status:
Point in time view as at 29/04/1996. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Finance Act 1994, Section 151 is up to date with all changes known to be in force on or before 28 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
151 Provisions which may be included.U.K.
(1)An interest rate contract or option, [a currency contract or option or a debt contract or option], may include provision under which the qualifying company—
(a)becomes entitled to a right to receive a payment in consideration of its entering into the contract or option, or
(b)becomes subject to a duty to make a payment in consideration of another person’s entering into the contract or option.
(2)An interest rate contract or option, [a currency contract or option or a debt contract or option], may also include provision for all or any of the following—
(a)a payment of a reasonable fee for arranging the contract or option;
(b)a payment of reasonable costs incurred in respect of the contract or option;
(c)a payment for securing, or made in consequence of, the variation or termination of the contract or option; and
(d)a payment by way of compensation for, or made in consequence of, a failure to comply with the contract or option.
Back to top