596Meaning of “related transaction”U.K.
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(1)In this Part “”, in relation to a derivative contract, means any disposal or acquisition (in whole or in part) of rights or liabilities under the contract.
(2)For this purpose the cases where there is taken to be such a disposal or acquisition include—
(a)those where rights or liabilities under the derivative contract are transferred or extinguished by any sale, gift, surrender or release, and
(b)those where the contract is discharged by performance in accordance with its terms.