OpenLegislation

Article 5

Original text. Later amendments are not shown.

In paragraph 4—

(a)

after sub-paragraph (1) insert—

“(1A)

Nothing in this paragraph prevents a relevant contract to which paragraph 6, 7 or 8 applies from being a derivative contract.”;

(b)

in sub-paragraph (2)—

(i)

omit paragraphs (a) and (b);

(ii)

at the end of paragraph (d) add “and”;

(iii)

at the end of paragraph (e) omit “and”; and

(iv)

omit paragraph (f);

(c)

in sub-paragraph (3)—

(i)

omit “(a), (b) and”; and

(ii)

for “(d) to (f)” substitute “(d) and (e)”; and

(d)

in sub-paragraph (5) for “paragraphs 5 to 8” substitute “paragraphs 5 and 5A”.