SCHEDULES
SCHEDULE 10Amendment of enactments that operate by reference to accounting practice
Part 2Derivative contracts
Accounting methods
51
In paragraph 21 (basis of accounting for contracts falling within paragraph 6, 7 or 8), for sub-paragraph (2) substitute—
“(2)
Where this paragraph applies the debits and credits to be brought into account for the purposes of this Schedule as respects the derivative contract must be determined on the basis of fair value accounting.”.