40(1)References in this Part to any provision of Part 7 of TIOPA 2010, or of the 2009 Regulations, are references to that provision as it continues to have effect in relation to—U.K.
(a)periods of account of the worldwide group ending before 1 April 2017, and
(b)where financial statements of the worldwide group are drawn up in respect of a period that begins before, and ends on or after, 1 April 2017, the period—
(i)beginning at the time the straddling period of account (as defined in paragraph 26(3)(b) of Schedule 5 to F(No.2)A 2017) begins, and
(ii)ending with 31 March 2017.
(2)In this Part, the “2009 Regulations” means the Corporation Tax (Financing Costs and Income) Regulations 2009 (S.I. 2009/3173).
(3)Terms used in this Part and in Part 7 of TIOPA 2010 have the same meaning as in that Part of that Act.