{
  "url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-10",
  "json_url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-10.json",
  "legislation": "ukdsi/2013/9780111106273",
  "legislation_title": "The Taxation of Regulatory Capital Securities Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Amendment of the Loan Relationship and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004",
  "text": "(1) The Loan Relationship and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004 are amended as follows.\n(2) In regulation 2(1)—\n(a) omit the definition of “Additional Tier 1 instrument”, and\n(b) in the appropriate place insert—\n““regulatory capital security” has the meaning given in regulation 2 of the Taxation of Regulatory Capital Securities Regulations 2013;”.\n(3) In regulations 3(5)(c) and 4(4A)(c) for “an Additional Tier 1 instrument” substitute “a regulatory capital security”.\n(4) In regulation 6, in paragraphs (5A) and (5C)—\n(a) at the end of sub-paragraph (a), in both cases, omit “or”, and\n(b) at the end of both paragraphs insert—\n“, or\n(c) where the hedged item is a regulatory capital security in relation to which the company uses fair value accounting.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2004/3256, relevantly amended by S.I. 2005/2012, 2005/3374, 2006/3236 and 2013/2781."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111106273/regulation/10",
    "retrieved_at": "2026-10-30T15:14:32.678605+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."
}