<EN xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:base="http://www.legislation.gov.uk/id/ukpga/2000/8" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/en.xsd" SchemaVersion="1.0" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
				<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/412/notes</dc:identifier><dc:subject>UK Parliament</dc:subject><dc:subject>Building societies</dc:subject><dc:subject>Friendly societies</dc:subject><dc:subject>Legislation</dc:subject><dc:subject>Financial service industries</dc:subject><dc:title>Explanatory Notes to Financial Services and Markets Act 2000</dc:title><dc:creator>HM Treasury</dc:creator><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2018-03-05</dc:modified>
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			</ukm:Metadata><ExplanatoryNotes><ENprelims>
<Title><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">Financial Services and Markets Act 2000</Citation></Title>
<Number>8</Number>
<DateOfEnactment>
<DateText>14 June 2000</DateText>
</DateOfEnactment>
</ENprelims><Body><Division id="d00011" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6"><Title>Commentary on Sections</Title><CommentaryPart id="n00401" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/28" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/28"><Title>Part Xxviii: Miscellaneous</Title><CommentaryP1 id="n00410" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/28/8" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/28/8">
<Title><CitationSubRef id="c01557" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/412" CitationRef="c00001" SectionRef="section-412">Section 412</CitationSubRef>: Gaming contracts</Title>
<NumberedPara id="paragraph-730" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/730" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/730"><Pnumber>730</Pnumber><Para>
<Text>Legislation governing gaming contracts includes provisions for such contracts not to be legally enforceable.  Some regulated activities involve entering into or performing contracts which could potentially be covered by this legislation, for example derivative contracts such as “put options”, and the effect of this section is to make certain that such contracts are legally enforceable.</Text>
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