The Disregard and Bringing into Account of Profit and Losses on Derivative Contracts Hedging Acquisitions and Disposals of Shares Regulations 2022
These Regulations amend the Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004 (“the Disregard Regulations”) and the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (“the EGLBAGL Regulations”) to allow certain debits and credits from currency derivative contracts to be left out of account and, in certain circumstances, to be brought back into account.