SCHEDULES

SCHEDULE 2Investment contracts

PART 1Introductory

Interpretation for the purposes of this Schedule

4

1

In this Schedule—

  • CFD” is to be construed in accordance with section 6(2);

  • CFD counterparty” is to be construed in accordance with section 7(2);

  • “electricity supplier”, subject to any provision made by regulations, means a person who is a holder of a licence to supply electricity under—

    1. a

      section 6(1)(d) of EA 1989, or

    2. b

      Article 10(1)(c) of the Electricity (Northern Ireland) Order 1992 (S.I. 1992/231 (N.I. 1));

  • investment contract counterparty” is to be construed in accordance with paragraph 5;

  • national system operator” means the person operating the national transmission system for Great Britain (and for this purpose “transmission system” has the same meaning as in EA 1989 - see section 4(4) of that Act);

  • regulations” means regulations made under paragraph 6.

2

References in this Schedule to a CFD counterparty (apart from the references in paragraphs 9(1)(c) and (d) and 16) are to a CFD counterparty acting as a counterparty in relation to an investment contract (where any property, rights or liabilities under the contract have been transferred to the CFD counterparty by a scheme under paragraph 16).