{
  "url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-exchange-gains-and-losses-using-fair-value-accounting-regulations-2005/regulation-2",
  "json_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-exchange-gains-and-losses-using-fair-value-accounting-regulations-2005/regulation-2.json",
  "legislation": "uksi/2005/3422",
  "legislation_title": "The Loan Relationships and Derivative Contracts (Exchange Gains and Losses using Fair Value Accounting) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/loan-relationships-and-derivative-contracts-exchange-gains-and-losses-using-fair-value-accounting-regulations-2005",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\n“derivative contract” has the same meaning as in Schedule 26 to the Finance Act 2002;\n“fair value accounting” has the meaning given in section 103 of the Finance Act 1996;\n“generally accepted accounting practice” has the meaning given in section 50 of the Finance Act 2004;\n“loan relationship” has the same meaning as in Chapter 2 of Part 4 of the Finance Act 1996; and\n“designated”, “fair value”, “available-for-sale” and “fair value hedge” have the same meanings as they have for accounting purposes.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2004 c. 12."
    }
  ],
  "outstanding_effects": [
    {
      "type": "substituted",
      "affecting": "uksi/2015/1963",
      "affecting_title": "The Loan Relationships and Derivative Contracts (Exchange Gains and Losses using Fair Value Accounting) (Amendment) Regulations 2015"
    },
    {
      "type": "words inserted",
      "affecting": "ukpga/2022/3",
      "affecting_title": "Finance Act 2022"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/3422/regulation/2",
    "retrieved_at": "2026-10-29T04:40:57.036036+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."
}