
1 
These Regulations may be cited as the Exchange Gains and Losses (Deferral of Gains and Losses) (Amendment) Regulations 1996, shall come into force on 30th June 1996 and shall have effect with respect to accounting periods of companies ending on or after that date.
2 
In these Regulations “the principal Regulations”means the Exchange Gains and Losses (Deferral of Gains and Losses) Regulations 1994, and “regulation”means a regulation of the principal Regulations.
3 
In regulation 2(8) for the words “inspector is (or on appeal the Commissioners are) satisfied”there shall be substituted “notice states”.
4 
In regulation 4(5), in the inserted subsection (3A), for the words “aggregate profits”there shall be substituted“aggregate of the profits of the claimant company and”.
Simon Burns
Michael Bates
Two of the Lords Commissioners of Her Majesty’s Treasury
21st May 1996