SCHEDULES
F1F1SCHEDULE 4
Annotations:
Amendments (Textual)
Part VII Interpretation of Schedule
76AFinancial instruments
References to “derivatives” include commodity-based contracts that give either contracting party the right to settle in cash or in some other financial instrument, except when such contracts–
a
were entered into for the purpose of, and continue to meet, the company’s expected purchase, sale or usage requirements,
b
were designated for such purpose at their inception, and
c
are expected to be settled by delivery of the commodity.
Sch. 4 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)