{
  "url": "https://openlegislation.uk/investment-trusts-approval-of-accounting-methods-for-creditor-relationships-order-2001/article-3",
  "json_url": "https://openlegislation.uk/investment-trusts-approval-of-accounting-methods-for-creditor-relationships-order-2001/article-3.json",
  "legislation": "uksi/2001/391",
  "legislation_title": "The Investment Trusts (Approval of Accounting Methods for Creditor Relationships) Order 2001",
  "legislation_url": "https://openlegislation.uk/investment-trusts-approval-of-accounting-methods-for-creditor-relationships-order-2001",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Approval of the use of accounting methods",
  "text": "The accounting methods that are approved for use for the creditor relationships of investment trusts for the purposes of paragraph 1 of Schedule 10 are—\n(a) the method (“the main method”) contained in a Statement of Recommended Practice issued by the Association of Investment Trust Companies bearing the date December 1995 (“the Statement”), as modified by article 4 of this Order;\n(b) the method contained in the Statement as varied by a Guidance Note issued by that Association on 8th January 1997 (“the simple method”), and as modified by article 4.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "See the Explanatory Note for details of where the Statement and Guidance Note can be obtained."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "See the Explanatory Note for details of where the Statement and Guidance Note can be obtained."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/391/article/3",
    "retrieved_at": "2026-10-29T08:04:24.812206+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."
}