Section 255 — Excluded contracts
Extent: E+W+S+N.I.
This version in force from 2024-05-24
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) A contract is an excluded contract for the purposes of this Chapter if, and to the extent that, it is of a description set out in Schedule 22.
(2) The Secretary of State may by regulations amend Schedule 22 so as to add, remove or modify a description of a contract.
(3) The power under subsection (2) includes power to provide for a contract to be an excluded contract—
(a) generally for the purposes of this Chapter, or
(b) only for such purposes of this Chapter as are specified.
(4) Regulations under subsection (2) are subject to the affirmative procedure.
(5) See section 275(4) to (8) for how this Chapter applies in relation to a contract that—
(a) was an excluded contract at the time it was entered into, and
(b) on subsequently ceasing to be an excluded contract, becomes a subscription contract.