New Schedule 1
Crossrail Bill
6:00 pm
Neutral effect of transfer for loan relationships and derivative contracts
24 No credit or debit shall be required or allowed, in respect of a relevant transfer, to be brought into account in the transferor’s case—
(a) for the purposes of Chapter 2 of Part 4 of FA 1996 (loan relationships), or
(b) for the purposes of Schedule 26 to FA 2002 (derivative contracts).