Part 7Derivative contracts
Chapter 5Continuity of treatment on transfers within groups
Introductory
624Introduction to Chapter
1
This Chapter makes provision—
a
about continuity of treatment in some cases in which a company replaces a member of the same group of companies as a party to a derivative contract, and
b
about cases in which the company ceases to be a member of the group.
2
For the meaning of references in this Chapter to a company replacing another as a party to a derivative contract, see section 627.
3
In this Chapter, references to a company being a member of a group of companies are to be read in accordance with section 170 of TCGA 1992 (interpretation of sections 171 to 181 of that Act: groups).
4
For modifications of this Chapter for insurance companies, see section 636.