{
  "url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2007/regulation-3",
  "json_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2007/regulation-3.json",
  "legislation": "uksi/2007/950",
  "legislation_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2007",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendment to the Loan Relationships and Derivative Contracts (Change of Accounting Practice) Regulations 2004",
  "text": "(1) Amend regulation 3C (prescribed debits and credits not brought into account) as follows.\n(2) In paragraph (2)—\n(a) in sub-paragraph (e)—\n(i) after “rate” where it first appears insert “currency, commodity or debt”;\n(ii) for “an interest rate risk” substitute “a particular risk”;\n(iii) for “6(5)” substitute “6(3A), (5) or (5B)”;\n(iv) for the words in paragraph (i) substitute “they offset, or are expected to offset, variability in cash flows attributable to the risk being hedged, and”;\n(b) in sub-paragraph (f) for “loan relationships with embedded derivatives” substitute “convertible securities etc: debtor relationships”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 3C was inserted by regulations 2 and 5 of S.I. 2005/3383 and amended by regulations 2 and 5 of S.I. 2006/3238."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/950/regulation/3",
    "retrieved_at": "2026-10-29T03:56:45.542707+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."
}