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10. After regulation 13 insert—
14.—(1) This paragraph applies where—
(a)a company has a derivative contract to which sub-paragraph (3) of paragraph 16 applies; and
(b)regulation 7 and 10 of the Disregard Regulations would apply to the contract but for the condition in paragraph (2)(b) of regulation 7.
(2) Where paragraph (1) applies, the amount of any net gain or loss shall be brought into account for the same period as it would be brought into account if regulation 10 of the Disregard Regulations applied to the contract.”.
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