Article 8 Amendment of Part 9 of Schedule 26

Amend paragraph 45C (derivative contracts relating to land or certain tangible movable property) ^f1 as follows.

For paragraph (1)(d) substitute—

“(d)

sub-paragraph (1A) does not apply.”.

After sub-paragraph (1) insert—

“(1A)

This sub-paragraph applies if—

(a)

paragraph 45F applies to the derivative contract, or would apply to it but for sub-paragraph (2)(f) of that paragraph, or

(b)

paragraph 45K applies to derivative contract, or would apply to it but for sub-paragraph (2)(e) of that paragraph.”.