# The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2006, Regulation 5: Amendment to the Loan Relationships and Derivative Contracts (Change of Accounting Practice) Regulations 2004


(1) Amend regulation 3C (prescribed debits and credits not brought into account) as follows.
(2) In paragraph (2)—
(a) after sub-paragraph (a) insert—
“(aa) debits and credits in relation to a derivative contract to which a company is treated as party by section 94A(2)(b) of the Finance Act 1996 where section 93 of that Act (relationships linked to the value of chargeable assets) applied to the debtor relationship in relation to that contract at the end of the company’s period of account immediately preceding the first period of account to begin on or after 1st January 2005;”;
(b) in sub-paragraph (d) at the end omit “and”;
(c) in sub-paragraph (e) at the end insert “; and”;
(d) at the end add—
“(f) debits and credits in relation to a loan relationship to which a company is treated as party by section 94A(2)(a) of the Finance Act 1996 where section 92A(4) of that Act (loan relationships with embedded derivatives) applied to the debtor relationship in relation to that relationship at the end of the company’s period of account immediately preceding the first period of account to begin on or after 1st January 2005.”.

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Source: https://www.legislation.gov.uk/uksi/2006/3238/regulation/5 (the official version)
Page: https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2006/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.