(1)A contract is an excluded contract for the purposes of this Chapter if, and to the extent that, it is of a description set out in Schedule 22.
(2)The Secretary of State may by regulations amend Schedule 22 so as to add, remove or modify a description of a contract.
(3)The power under subsection (2) includes power to provide for a contract to be an excluded contract—
(a)generally for the purposes of this Chapter, or
(b)only for such purposes of this Chapter as are specified.
(4)Regulations under subsection (2) are subject to the affirmative procedure.
(5)See section 275(4) to (8) for how this Chapter applies in relation to a contract that—
(a)was an excluded contract at the time it was entered into, and
(b)on subsequently ceasing to be an excluded contract, becomes a subscription contract.
Commencement Information
I1S. 255 in force at Royal Assent for specified purposes, see s. 339(2)(c)