Regulation 2 Amendments to the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002

in paragraph (1) for “paragraph (4)” substitute “paragraphs (4) and (5)”, and

at the end insert—

“(5)

Paragraph (1) does not apply so far as the net gain or net loss falls to be brought into account apart from this regulation or regulation 6.”.

in paragraph (1), at the start insert “subject to paragraph (3A),”, and

after paragraph (3) insert—

“(3A)

This regulation does not apply so far as the net gain or net loss falls to be brought into account apart from this regulation.”.