# The Local Currency Elections Regulations 1994, Regulation 7: Provisions supplementary to regulations 4, 5 and 6


(1) Where the election specifies more than one currency for parts of a trade, regulations 4, 5 and 6 shall apply separately in relation to each currency and each part of the trade.
(2) In regulations 4, 5 and 6, except where the context otherwise requires—
(a) any reference to accounts, in relation to an election, is a reference to the accounts of the company making the election for the accounting period for which the election is to have effect; and
(b) any reference to relevant accounting records, in relation to an election, is a reference to the accounting records, relating to the trade or that part of a trade to which the election refers, for the accounting period for which the election is to have effect.

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Source: https://www.legislation.gov.uk/uksi/1994/3230/regulation/7 (the official version)
Page: https://openlegislation.uk/local-currency-elections-regulations-1994/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.