{
  "url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-regulations-2004/regulation-2",
  "json_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-regulations-2004/regulation-2.json",
  "legislation": "uksi/2004/3271",
  "legislation_title": "The Loan Relationships and Derivative Contracts (Change Of Accounting Practice) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-change-of-accounting-practice-regulations-2004",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“amortised cost basis of accounting” has the meaning given by section 103(1) of the Finance Act 1996;\n“fair value accounting” has the meaning given by section 103(1) of the Finance Act 1996;\n“impairment” and “impairment loss” have the meanings given by section 103(1) of the Finance Act 1996.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "This definition was inserted by section 52 of, and paragraph 17 of Schedule 10 to, the Finance Act 2004."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "These definitions were inserted by paragraph 17 of Schedule 10 to the Finance Act 2004."
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "am (7.1.2009)",
      "affecting": "uksi/2008/3237",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2008"
    },
    {
      "type": "added",
      "affecting": "uksi/2005/3383",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2005"
    },
    {
      "type": "words inserted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2014/3187",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/3271/regulation/2",
    "retrieved_at": "2026-10-29T05:13:28.355626+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."
}