This section has no associated Explanatory Memorandum
3. In paragraph 2, for sub-paragraph (1) substitute—
“(1) For the purposes of the Corporation Tax Acts, a company’s derivative contracts are those of its relevant contracts—
(a)which satisfy any of the conditions in paragraphs (a) to (c) of paragraph 3(1), and
(b)which are not prevented from being derivative contracts by paragraph 4 or any other provision of the Corporation Tax Acts.”.