{
  "url": "https://openlegislation.uk/bankruptcy-scotland-regulations-2016/regulation-22",
  "json_url": "https://openlegislation.uk/bankruptcy-scotland-regulations-2016/regulation-22.json",
  "legislation": "ssi/2016/397",
  "legislation_title": "The Bankruptcy (Scotland) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/bankruptcy-scotland-regulations-2016",
  "path": "regulation/22",
  "kind": "regulation",
  "number": "22",
  "heading": "Conversion of foreign currency claims",
  "text": "For the purposes of sections 48(1)(a) and 126(5) of the Act, the manner of conversion into sterling of the amount of a claim stated in foreign currency is to be at a single exchange rate for that currency determined by the trustee with reference to the exchange rates prevailing at the close of business on the date of sequestration.",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 22 substituted (1.5.2017) by The Bankruptcy and Protected Trust Deeds (Miscellaneous Amendments) (Scotland) Regulations 2017 (S.S.I. 2017/136), regs. 1, 2(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2016/397/regulation/22",
    "retrieved_at": "2026-10-28T21:21:09.502985+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}