4(1)Section 3 (bookmakers: spread bets) is amended as follows.U.K.
(2)In subsection (1), omit paragraph (b) (together with the “and” before it).
(3)For subsection (2) substitute—
“(2)A bet is a spread bet if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.”