Legislation – The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019

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PART 4Miscellaneous amendments

Amendments to the Competition (Amendment etc.) (EU Exit) Regulations 201922.

In the Competition (Amendment etc.) (EU Exit) Regulations 2019 M1, in Schedule 4 (saving and transitional provision), in paragraph 8 (cases in which CMA relieved of competence by EU law)—

(a)

in sub-paragraph (1)(b)—

(i)

for “a decision” substitute “
an infringement decision
”;

(ii)

for “Chapter III” substitute “
Article 7
”;

(b)

in sub-paragraph (2), for “that case” substitute “
the infringement decision
”.

Amendments to the Accounts and Reports (Amendment) (EU Exit) Regulations 201923.

In the Accounts and Reports (Amendment) (EU Exit) Regulations 2019 M2, in Schedule 3 (Amendments made under the European Union (Withdrawal) Act 2018: secondary legislation)—

(a)

for paragraph 32(a)(ii) substitute—

“(ii)

after “which is” insert “
a body corporate.
”;”;

(b)

in paragraph 32(b)(i), for “ “rules 4.1 (annual financial report) and 4.2 (half-yearly financial reports) of the DGTR sourcebook”” substitute “
“Section 1 of Chapter 4 (annual financial report) and Section 2 of Chapter 4 (half-yearly financial reports) of the DGTR sourcebook”
”;

(c)

for paragraph 32(b)(ii), substitute—

“(ii)

for sub-paragraph (a), substitute—

“(a)

rule 4.4.1, rule 4.4.2 (exemptions) and TP 1.19 (exemption for certain large debt securities issuers) of the DGTR sourcebook, or”;

(d)

for paragraph 32(b)(iii), substitute—

“(iii)

in sub-paragraph (b)—

(aa)

for “Disclosure Rules and Transparency Rules Sourcebooks” substitute “
DGTR sourcebook
”;

(bb)

at the end insert “
(where the Listing Rules and the Prospectus Rules means those Rules as they had effect on F1IP completion day)”.”;

(e)

in paragraph 33, for “ “rules 4.1 (annual financial report) and 4.2 (half-yearly financial reports) of the DGTR sourcebook”” substitute “
“Section 1 of Chapter 4 (annual financial report) and Section 2 of Chapter 4 (half-yearly financial reports) of the DGTR sourcebook”
”.