# Finance Act 2007, Paragraph 4


(1) Section 3 (bookmakers: spread bets) is amended as follows.
(2) In subsection (1), omit paragraph (b) (together with the “and” before it).
(3) For subsection (2) substitute—
“(2) A bet is a spread bet if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.”

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Source: https://www.legislation.gov.uk/ukpga/2007/11/schedule/25/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2007/schedule-25/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.