Paragraph 81A Financial instruments
United Kingdom
For the purposes of this Part of this Schedule, references to “derivatives” include commodity-based contracts that give either contracting party the right to settle in cash or some other financial instrument, except when such contracts–
(a)
were entered into for the purpose of, and continue to meet, the company’s expected purchase, sale or usage requirements,
(b)
were designated for such purpose at their inception, and
(c)
are expected to be settled by delivery of the commodity.
Notes on Schedule 9A
Textual amendments
- F1
Sch. 9A repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)
- F2
Sch. 9A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 4, 6, 7, Sch. 1