{
  "url": "https://openlegislation.uk/finance-act-2002-schedule-26-parts-2-and-9-amendment-no-3-order-2005/article-6",
  "json_url": "https://openlegislation.uk/finance-act-2002-schedule-26-parts-2-and-9-amendment-no-3-order-2005/article-6.json",
  "legislation": "uksi/2005/3440",
  "legislation_title": "The Finance Act 2002, Schedule 26 (Parts 2 and 9) (Amendment No. 3) Order 2005",
  "legislation_url": "https://openlegislation.uk/finance-act-2002-schedule-26-parts-2-and-9-amendment-no-3-order-2005",
  "path": "article/6",
  "kind": "article",
  "number": "6",
  "heading": "Amendment of Part 2 of Schedule 26",
  "text": "(1) Amend paragraph 12 (definition of terms relating to derivative contracts) as follows.\n(2) In sub-paragraph (1)—\n(a) after paragraph (b) insert—\n“(bza) a contract of long-term insurance (see sub-paragraph (16));”\n(b) in paragraph (cc)—\n(i) before “hedging” insert “a”; and\n(ii) after “an asset” insert “or a liability”; and\n(3) In sub-paragraph (14)—\n(a) in the words before paragraph (a) after “an asset” insert “or a liability”;\n(b) in paragraph (b) after “asset”, in both places, insert “or liability”; and\n(c) after paragraph (b) add—\n“For the purposes of this sub-paragraph the liabilities of a company include its own share capital.”.\n(4) In sub-paragraph (16), for “has” substitute “and “contract of long-term insurance” have”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Sub-paragraph (1) was substituted by article 13 of S.I. 2004/2201 and has been amended. The relevant amendments are those made by article 9 of S.I. 2005/646 and article 8 of S.I. 2005/2082/"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/3440/article/6",
    "retrieved_at": "2026-10-29T04:40:43.512760+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}