# Finance Act 2014, Section 128: Spread bets


(1) A bet is a spread bet for the purposes of this Part 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.
(2) In this Part—
“financial spread bet” means a spread bet the subject of which is a financial matter, and
“non-financial spread bet” means any other spread bet.
(3) The Commissioners may by regulations provide that a specified matter—
(a) is to be treated as a financial matter for the purposes of subsection (2), or
(b) is not to be treated as a financial matter for those purposes.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/128 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-128
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.