# The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2008, Regulation 3: Amendment of regulation 2


In regulation 2 (interpretation) at the appropriate place insert—
““exchange gains and losses”—
(a) in relation to a loan relationship shall be construed in accordance with sections 103(1A) and 103(1B) of the Finance Act 1996; and
(b) in relation to a derivative contract shall be construed in accordance with paragraphs 54(2) and (3) of Schedule 26 to the Finance Act 2002;”.

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Source: https://www.legislation.gov.uk/uksi/2008/3237/regulation/3 (the official version)
Page: https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-amendment-regulations-2008/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.