Regulation 20 F1

(1)

The financial products specified in this paragraph are—

(a)

a loan,

(b)

a share,

(c)

a derivative contract within the meaning given by section 576 of CTA 2009,

(d)

a repo in respect of securities within the meaning given by section 263A(A1) of TCGA 1992,

(e)

a creditor repo, creditor quasi-repo, debtor repo or a debtor quasi-repo (within the meanings given by sections 543, 544, 548 and 549 of CTA 2009 respectively),

(f)

a stock lending arrangement within the meaning given by section 263B(1) of TCGA 1992,

(g)

an alternative finance arrangement within Chapter 6 of Part 6 of CTA 2009 or Part 10A of ITA 2007,

(h)

a contract which, whether alone or in combination with one or more other contracts—

(i)

is in accordance with generally accepted accounting practice required to be treated as a loan, deposit or other financial asset or obligation, or

(ii)

would be required to be so treated by the person entering into the arrangements were that person a company to which the Companies Act 2006 applies.

(2)

Paragraph (1) does not specify a financial product held within an account which satisfies the conditions in regulation 4 of the Individual Savings Account Regulations 1998.

Annotations

Textual amendments

F1: Regs. 19-21 inserted (23.2.2016) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2016 (S.I. 2016/99), regs. 1(1), 9 (with reg. 1(2))