These Regulations amend the Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002. Those Regulations provide for exchange gains or losses on loans or derivatives which hedge foreign exchange risk from a company’s investment in a foreign enterprise, and which have previously been disregarded for corporation tax purposes, to be brought back into account in specified circumstances. These amendments are consequential to amendments made to Parts 5 and 7 of the Corporation Tax Act 2009 by the Finance (No 2) Act 2015 and ensure that amounts are not brought into account under both provisions in the Corporation Tax Act 2009 and the Regulations.