9. Subject to regulation 10, for the purposes of regulations 5 to 8, the Comptroller must determine —
(a)
the chargeable income of the financial sector incentive company having regard to such expenses, capital allowances and donations allowable under the Act as are, in the Comptroller’s opinion, to be deducted in ascertaining such income; and
(b)
the manner and extent to which any loss arising from the activities specified in those regulations may be deducted under the Act in ascertaining the chargeable income of the company.