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

8.  In regulation 9 (profits or losses arising from derivative contracts which are interest rate contracts)—

(a) in paragraph (2A)(1), at the end insert “and to the unexpired term of the hedged item”,

(b) in paragraph (3)(2), for “section 606(3) of CTA 2009 or regulation 4” substitute “regulation 4 or 5A”, and

(c) omit paragraphs (5) and (6).

(1)

Paragraph (2A) was inserted by SI 2005/3374 and amended by SI 2014/3188.

(2)

Paragraph (3) was amended by SI 2014/3188.