SCHEDULES

SCHEDULE 2Transitionals and savings

Part 10Derivative contracts

Repeal of provisions concerning exchange gains and losses from derivative contracts

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1

The following provisions of this Act (which rewrite provisions prospectively repealed by F(No.2)A 2005) cease to have effect—

a

section 606 (exchange gains and losses), and

b

in section 690(6) (derivative contracts for unallowable purposes) the words from “which are” to the end.

2

For the power to make an order bringing this paragraph into force, see section 1329(3).