{
  "url": "https://openlegislation.uk/exchange-gains-and-losses-miscellaneous-modifications-regulations-2000/regulation-7",
  "json_url": "https://openlegislation.uk/exchange-gains-and-losses-miscellaneous-modifications-regulations-2000/regulation-7.json",
  "legislation": "uksi/2000/3315",
  "legislation_title": "The Exchange Gains and Losses (Miscellaneous Modifications) Regulations 2000",
  "legislation_url": "https://openlegislation.uk/exchange-gains-and-losses-miscellaneous-modifications-regulations-2000",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Modification of the Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994",
  "text": "In regulation 4(2)—\n(a) after the definition of “accounts” insert—\n““branch” shall be construed in accordance with section 93(7) of the 1993 Act;”;\n(b) omit the definition of “a local currency election”;\n(c) after the definition of “qualifying asset” add—\n““the relevant foreign currency” has the meaning given by section 93(7) of the 1993 Act.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Sections 92 to 94 were substituted for sections 92 to 95 by section 105 of the Finance Act 2000."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Added by S.I. 1996/1347, regulation 3."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/3315/regulation/7",
    "retrieved_at": "2026-10-29T08:08:32.891280+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."
}