# The Finance Act 2002, Schedule 26, (Parts 2 and 9) (Amendment) Order 2006, Article 29: Amendment of paragraph 54 of Schedule 26


(1) Amend paragraph 54(1) (interpretation of expressions) as follows.
(2) Insert at the appropriate places the following definitions—
““carrying value”, in relation to a contract, shall be construed in accordance with sub-paragraphs (3A) and (3B) of paragraph 50A;”
““hybrid derivative” shall be construed in accordance with paragraph 2B;”
““nested derivative” shall be construed in accordance with paragraph 2B(1)(b)(i);”
““plain vanilla contract” shall be construed in accordance with paragraph 2(2B);”
““quasi-derivative host contract” shall be construed in accordance with paragraph 2B(1)(b)(ii);”
““TCGA 1992” means the Taxation of Chargeable Gains Act 1992.”.
(3) Omit the definition of “embedded derivative contract”.

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Source: https://www.legislation.gov.uk/uksi/2006/3269/article/29 (the official version)
Page: https://openlegislation.uk/finance-act-2002-schedule-26-parts-2-and-9-amendment-order-2006/article-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.