[CFM50730] Derivative contracts: exclusions from regime: contracts over shares
Shares as an underlying subject matter
These rules apply only if you are looking at an equity derivative in an accounting period beginning on or after 1 January 2005 and ending on or after 16 March 2005. If you are looking at an earlier period, or the company was no longer party to the derivative at 3 pm on 16 March 2005, see CFM83070.
Meaning of ‘shares’
‘Shares’ is defined at CTA09/S710 to mean any shares in a company under which an entitlement to receive distributions may arise.