# The Loan Relationships and Derivative Contracts (Exchange Gains and Losses using Fair Value Accounting) Regulations 2005, Regulation 2: Interpretation


(1) In these Regulations—
“derivative contract” has the same meaning as in Schedule 26 to the Finance Act 2002;
“fair value accounting” has the meaning given in section 103 of the Finance Act 1996;
“generally accepted accounting practice” has the meaning given in section 50 of the Finance Act 2004;
“loan relationship” has the same meaning as in Chapter 2 of Part 4 of the Finance Act 1996; and
“designated”, “fair value”, “available-for-sale” and “fair value hedge” have the same meanings as they have for accounting purposes.

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Source: https://www.legislation.gov.uk/uksi/2005/3422/regulation/2 (the official version)
Page: https://openlegislation.uk/loan-relationships-and-derivative-contracts-exchange-gains-and-losses-using-fair-value-accounting-regulations-2005/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.