CFM57400 | Derivative contracts: hedging: pre-2015: election rules

This guidance applies to periods of account starting before 1 January 2015.

Old election rules

The following pages refer to the rules that were in place prior to the amendments in 2014 when the default position was that the Disregard Regulations would apply and companies then had the option of electing out of regulations 7, 8 and 9.

These pages cover how the elections under regulation 6(3), 6(3A), 6(5) and 6(5B) used to operate (CFM57410+), mandatory adoption (CFM57400) and time limits (CFM57410).