Assets entirely excluded: financial assetsU.K.
75(1)This Schedule does not apply to financial assets.
(2)“Financial asset” here has the meaning it has for accounting purposes.
(3)The expression includes—
[F1(a)loan relationships]
[F2(b)derivative contracts (see Part 2 of Schedule 26 to this Act),]
(c)contracts or policies of insurance or capital redemption policies, and
(d)rights under a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 (c. 8) (see section 235 of that Act).
Textual Amendments
F1Sch. 29 para. 75(3)(a) substituted (with effect as mentioned in s. 79(3) of the amending Act) by 2002 c. 23, s. 79, Sch. 23 Pt. 2 para. 24(2)
F2Sch. 29 para. 75(3)(b) substituted (with effect as mentioned in s. 83(3)(4) of the amneding Act) by 2002 c. 23, s. 83, Sch. 27 para. 26