SCHEDULE 3AMENDMENTS TO FA 2002

PART 1AMENDMENTS TO SCHEDULE 26 TO FA 2002

6

1

Paragraph 30G22 (transparent entities) is amended as follows.

2

In sub-paragraph (1)(a)—

a

for “to which paragraph 30D(1) or (2) applies (or to which either of those provisions would apply” substitute “mentioned in paragraph 30D(1) or (2) (or which would be of such a kind”, and

b

for “one of the conditions” substitute “the condition”.

3

In sub-paragraph (2) for “30D(3)” substitute “30D”.

4

In sub-paragraph (4) for “assets” substitute “rights and liabilities under the derivative contract”.

5

In sub-paragraph (5)(a) after “transfer”, in each place, insert “of those rights and liabilities”.