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

3.  In regulation 3(7) (exchange gains or losses arising from liabilities or assets hedging shares etc) and regulation 4(5) (exchange gains or losses arising from derivative contracts hedging shares etc) in the definition of “unmatched carrying value” for “value as shown in the company’s accounts” substitute “relevant value”.