# The Loan Relationships and Derivative Contracts (Exchange Gains and Losses using Fair Value Accounting) Regulations 2005, Regulation 3: Currency


For the purposes of these Regulations the currency with which a company computes its profits and losses as determined by sections 92 to 92E of the Finance Act 1993 shall be known as the “base currency”.

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Source: https://www.legislation.gov.uk/uksi/2005/3422/regulation/3 (the official version)
Page: https://openlegislation.uk/loan-relationships-and-derivative-contracts-exchange-gains-and-losses-using-fair-value-accounting-regulations-2005/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.