{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-7",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-7.json",
  "legislation": "ukdsi/2014/9780111117118",
  "legislation_title": "The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Requirements concerning currency when qualifying organisation declaration accompanied by annual accounts",
  "text": "(1) If an organisation gives to a UK deposit-taker a qualifying organisation declaration which is accompanied by annual accounts in accordance with article 3(2)(b)(i), those annual accounts must be—\n(a) in sterling; or\n(b) accompanied by a set of those annual accounts with figures converted into sterling.\n(2) The conversion must be made by reference to an appropriate spot rate of exchange as at the last day of the period in respect of which the annual accounts are made up.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111117118/article/7",
    "retrieved_at": "2026-10-30T15:12:39.417676+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."
}