# The Exchange Gains and Losses (Miscellaneous Modifications) Regulations 2000, Regulation 7: Modification of the Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994


In regulation 4(2)—
(a) after the definition of “accounts” insert—
““branch” shall be construed in accordance with section 93(7) of the 1993 Act;”;
(b) omit the definition of “a local currency election”;
(c) after the definition of “qualifying asset” add—
““the relevant foreign currency” has the meaning given by section 93(7) of the 1993 Act.”.

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Source: https://www.legislation.gov.uk/uksi/2000/3315/regulation/7 (the official version)
Page: https://openlegislation.uk/exchange-gains-and-losses-miscellaneous-modifications-regulations-2000/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.