# Taxation (International and Other Provisions) Act 2010, Section 454: Members of Lloyd's


In the case of a body corporate carrying on underwriting business as a member of Lloyd's—
(a) any reference in this Part to an amount being brought into account under Part 3 of CTA 2009 as a result of section 297 or 573 of that Act is to be read as a reference to its being brought into account under that Part as a result of section 219 of FA 1994, and
(b) any reference in this Part to a derivative contract is to be read as if subsection (3) of section 226 of FA 1994 (which provides that relevant contracts forming part of a premium trust fund are not derivative contracts) were omitted.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/454 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-454
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.