7.—(1) Schedule 6A to the 2000 Act (details to be given in transaction reports) is amended as follows.
(2) In paragraph 8 (relevant date for a transaction)—
(a)in sub-paragraph (1), after “For the purposes of paragraph 5(4) as it applies to a quarterly report,” insert “but subject to sub-paragraphs (1A) and (1B),”, and
(b)after sub-paragraph (1), insert—
“(1A) For the purposes of paragraph 5(4) as it applies to a quarterly report in respect of a period beginning on or after 1 January 2018, the relevant date for a transaction to which this sub-paragraph applies is the date on which the transaction was entered into.
(1B) Sub-paragraph (1A) applies to a transaction which—
(a)is entered into by a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, before 1 July 2017, and
(b)is within section 71M(9).
(1C) In this Schedule, “Northern Ireland participant” means a party registered in the Northern Ireland register.”
(3) After paragraph 8, insert—
“8A .—(1) This paragraph applies where information about a change of a kind mentioned in section 71Z4(A3)(a) to a transaction to which a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, is a party is supplied in a quarterly report in respect of a period beginning on or after 1 January 2018.
(2) The report must state the date on which the change took effect.
(3) Where the transaction was entered into before 1 January 2014, the report must state that fact.”