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

In the Competition (Amendment etc.) (EU Exit) Regulations 20198, 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 20199, 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 exit 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””.