In these Regulations—

• F7...

• F8“CTA 2009” means the Corporation Tax Act 2009;

• “CTA 2010 means the Corporation Tax Act 2010;

• F6“deferred shares” has the same meaning as in the Building Societies Act 1986;

• “derivative contract” has the same meaning as in F9Part 7 of CTA 2009;

• F1“exchange gain or loss” has the same meaning as in F10section 475 of CTA 2009;

• F18...

• F19“fair value profit or loss” means the profit or loss brought into account in relation to a derivative contract or an asset or liability representing a loan relationship where for the period in question—

  1. a

     the derivative contract or asset or liability representing a loan relationship is measured at fair value, or

  2. b

     the derivative contract or asset or liability representing a loan relationship is a hedged item in a designated fair value hedge and the carrying value of the hedged item is adjusted for changes in fair value attributable to the hedged risk;

• F21“hybrid capital instrument” has the meaning given by section 475C of CTA 2009;

• F2“loan relationship” has the same meaning as in F11section 302 of CTA 2009;

• F2“F12a section 614 or 615 credit or debit” means the credit or debit to be brought into account in accordance with F13section 614 or 615 of CTA 2009;

• F2“a prior period adjustment credit or debit” means so much of any credit or debit as represents a prior period adjustment taken into account by virtue of F14section 597(1)(b) of CTA 2009 as a result of a change of accounting basis;

• F22...

• “underlying subject matter” has the same meaning as in F15Part 7 of CTA 2009.

In these Regulations—

• “for accounting purposes” means for the purposes of accounts drawn up in accordance with generally accepted accounting practice;

• “generally accepted accounting practice” has the meaning given in F16section 1127 of CTA 2010; and

• “amortised cost”F3, consolidated accounts, “designated”, “effective hedge”, “effective interest method”, F17“fair value hedge”, “firm commitment”, “forecast transaction”, “foreign operation” F20, fair value, items of other comprehensive income and “net investment in a foreign operation” have the same meaning as for accounting purposes.

For the purposes of these Regulations, a liability representing a loan relationship or a derivative contract is treated as matched with shares, ships or aircraft from the date that, and to the extent that, either condition 1 or 2 of regulation 3(3) or 4(3) are satisfied.

For the purposes of regulations 3 to 5, where an asset referred to is shares in a company, the asset comprises all the shares held in that company whenever acquired.