The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004

1. Introductory Text

2. 1. Citation, commencement and effect

3. 2. Interpretation

4. 3. Exchange gains or losses arising from liabilities or assets hedging shares etc.

5. Condition 1

6. Condition 2

7. Condition 3

8. 4. Exchange gains or losses arising from derivative contracts hedging shares etc.

9. Condition 1

10. Condition 2

11. Condition 3

12. 5. Regulations 3 and 4: supplementary

13. Rule 1

14. Rule 2

15. Rule 3

16. 6. Rules about fair value profits and losses

17. 7. Fair value profits or losses arising from derivative contracts which are currency contracts

18. 8. Profits or losses arising from derivative contracts which are commodity contracts or debt contracts

19. 9. Profits or losses arising from derivative contracts which are interest rate contracts

20. 10. Bringing fair value profits or losses into account on currency and commodity contracts

21. Signature

22. Explanatory Note