592 Embedded derivatives treated as meeting condition in section 591 etc

592  Embedded derivatives treated as meeting condition in section 591 etc

(1)     This section applies if for an accounting period—

(a)     a company is a party to a hybrid derivative which meets the condition in section 579(1)(b) (contract which is or forms part of a financial asset or liability for accounting purposes),

(b)     the embedded derivative is a relevant contract which meets the condition in section 579(1)(a) (contract treated

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