Part 5Loan Relationships

Chapter 12Special rules for particular kinds of securities

Introduction

398Overview of Chapter

1

This Chapter sets out rules relating to the holding of particular kinds of securities.

2

In particular, see—

a

sections 399 to 405 (gilt-edged securities),

b

sections 406 to 412 (deeply discounted securities: connected companies and close companies),

c

sections 413 and 414 (funding bonds),

d

sections 415 to 419 (derivatives), and

e

section 420 (assumptions where options etc apply).

3

For other special rules about deeply discounted securities, see section 385 (company partners' shares where firm owns deeply discounted securities).