[Part 3 Contracts Involving Financial Services]
Insolvency Act 1986 (1986 c 45) | Legislation

[Part 3 Contracts Involving Financial Services]

[Introductory

12

To the extent that anything to which any of paragraphs 13 to 18 applies is a contract for the supply of goods or services, section 233B does not apply in relation to it.

Financial contracts

13

(1)     This paragraph applies to a financial contract.

(2)     “Financial contract†means—

(a)     a contract for the provision of financial services consisting of—

(i)     lending (including the factoring and financing of commercial transactions),

(ii)     financial leasing, or

(iii)     providing guarantees or commitments;

(b)     a securities contract, including—

(i)     a contract for the purchase, sale or loan of a security or group or index of securities;

(ii)     an option on a security or group or index of securities;

(iii)     a repurchase or reverse repurchase transaction on any such security, group or index;

(c)     a commodities contract, including—

(i)     a contract for the purchase, sale or loan of a commodity or group or index

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