Regulation 3 Modification of regulation 1

for sub-paragraph (g) substitute—

“(g)

“a regulation 6(3) asset” means an existing asset the basic valuation of which was determined for the purposes of Chapter II in accordance with regulation 6(3) of these Regulations;”;

at the end of sub-paragraph (h) add

“; and

(i)

“the relevant accounting period”, in relation to a company, means the company’s first accounting period to begin on or after 1st October 2002.”.