# The Loan Relationships and Derivative Contracts (Change Of Accounting Practice) (Amendment) Regulations 2004, Regulation 2: Amendment of the principal Regulations


(1) The principal Regulations are amended as follows.
(2) In regulation 4(7)—
(a) for “an asset representing” substitute “a liability representing”;
(b) for “the debit falling” substitute “the credit falling”; and
(c) for “interest receivable” substitute “interest payable”.

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Source: https://www.legislation.gov.uk/uksi/2004/3347/regulation/2 (the official version)
Page: https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2004/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.