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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 March 2008 - onwards
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36. Amendment of section 110 (securitisation) of Principal Act.

(1) Section 110 of the Principal Act is amended in subsection (1) -

(a) in the definition of "qualifying asset" by inserting "(including a partnership interest)" after "interest",

(b) in the definition of "financial asset"-

(i) in paragraph (g) by deleting" and "where it last occurs and in paragraph (h) by substituting "instruments," for "instruments;"and

(ii) by inserting the following after paragraph (h):

 "(i) greenhouse gas emissions allowance, and

(j) contracts for insurance and contracts for reinsurance;",

and

(c) by inserting the following after the definition of "financial asset":

 "' greenhouse gas emissions allowance ' means an allowance, permit, licence or right to emit during a specified period, a specified amount of carbon dioxide or any other greenhouse gas as defined in Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Direct

Comparing proposed amendment...