Paragraph 726

(1)

Amend Schedule 13 (sale and repurchase of securities) as follows.

(2)

In paragraph 1(1) after “in that case” insert “ in respect of chargeable gains ”.

(3)

Omit paragraphs 2 to 5, 7 to 10 and 12.

(4)

In paragraph 14—

(a)

in the definition of “creditor quasi-repo” for “paragraph 8” substitute “ section 544 of CTA 2009 ”,

(b)

in the definition of “creditor repo” for “paragraph 7” substitute “ section 543 of CTA 2009 ”,

(c)

in the definition of “debtor quasi-repo” for “paragraph 3” substitute “ section 549 of CTA 2009 ”,

(d)

in the definition of “debtor repo” for “paragraph 2” substitute “ section 548 of CTA 2009 ”, and

(e)

in the definition of “the loan relationship rules” for “Chapter 2 of Part 4 of FA 1996” substitute “ Part 5 of CTA 2009 ”.

(5)

In paragraph 15(9)(b) for “paragraph 12” and “paragraph 10” substitute “ section 547 of CTA 2009 ” and “ section 546 of that Act ” respectively.