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Regulation 1 Citation, commencement and effect

Original text. Later amendments are not shown.

(1)

These Regulations may be cited as the Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment No. 2) Regulations 2015 and come into force on 31st December 2015.

(2)

These Regulations have effect in relation to periods of account beginning on or after 1st January 2016.

(3)

But regulations 4 and 6 only apply where the later period begins on or after 1st January 2016.

(4)

In paragraph (3), “later period” has the meaning given in section 315(2) of CTA 2009.