Sch 20 para 9
(1) The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) Regulations 2004 (S.I. 2004/3256) are amended in accordance with this paragraph. (2) In regulation 2(1) (interpretation)— (a) after the definition of “fair value profit or loss” insert— “ hybrid capital instrument ” has the meaning given by section 475C of CTA 2009; (b) omit the definition of “regulatory capital security”. (3) In regulation 3 (exchange gains or losses arising from liabilities or assets hedging shares etc), in paragraph (5)(c), for “a regulatory capital security” substitute “ a hybrid capital instrument ” . (4) In regulation 4 (exchange gains or losses arising from derivative contracts hedging shares etc), in paragraph (4A)(c), for “a regulatory capital security” substitute “ a hybrid capital instrument ” .