{
  "url": "https://openlegislation.uk/exchange-gains-and-losses-bringing-into-account-gains-or-losses-amendment-regulations-2004/regulation-3",
  "json_url": "https://openlegislation.uk/exchange-gains-and-losses-bringing-into-account-gains-or-losses-amendment-regulations-2004/regulation-3.json",
  "legislation": "uksi/2004/3259",
  "legislation_title": "The Exchange Gains and Losses (Bringing into Account Gains or Losses) (Amendment) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/exchange-gains-and-losses-bringing-into-account-gains-or-losses-amendment-regulations-2004",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments to the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002",
  "text": "In regulation 2(1) (interpretation)—\n(a) for the definition of “foreign business asset” substitute—\n““foreign business asset” means, in relation to a company, an asset of an operation of the company which for accounting purposes is a foreign operation consisting of a branch;”;\n(b) after the definition of “section 84A” insert—\n““statement of recognised gains and losses and statement of changes in equity” mean the statements mentioned in subsection (3) of section 84A or sub-paragraph (3) of paragraph 16;”;\n(c) after the definition of “the 1994 Regulations” insert—\n““the Disregard Regulations” means the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Subsection (3) was substituted by subsequent subsections (3) and (3A) by paragraph 2(2) of Part 1 of Schedule 10 to the 2004 Act and sub-paragraph (3) was substituted by subsequent sub-paragraphs (3) and (3A) by paragraph 48(2) of Part 2 of Schedule 10 to the 2004 Act."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 2004/3256"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/3259/regulation/3",
    "retrieved_at": "2026-10-29T05:13:37.239742+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."
}