xmlns:atom="http://www.w3.org/2005/Atom"
4(1)Section 411 (“relevant expense amount” and “relevant income amount”) is amended as follows.
(2)In subsection (1)(e), for sub-paragraph (iii) substitute—
“(iii)losses in respect of risks arising in the ordinary course of a trade (other than risks arising in the ordinary course of a financial trade) where the derivative contract was entered into wholly for reasons unrelated to the capital structure of the worldwide group (or any member of the worldwide group);”.
(3)In subsection (2)(d), for sub-paragraph (iii) substitute—
“(iii)gains in respect of risks arising in the ordinary course of a trade (other than risks arising in the ordinary course of a financial trade) where the derivative contract was entered into wholly for reasons unrelated to the capital structure of the worldwide group (or any member of the worldwide group);”.