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

PART 1
Introductory

1 Citation, commencement, application and transitional provisions

2 Interpretation

PART 2
Adoption of international accounting standards

CHAPTER 1 Interpretation

3 Interpretation of this Part

CHAPTER 2 International accounting standards on IP completion day

4 International accounting standards in the UK on IP completion day

CHAPTER 3 The functions of the Secretary of State

5 Responsibility for adoption of international accounting standards

6 Power of the Secretary of State to adopt international accounting standards

7 Basis for adoption of international accounting standards

8 Adoption of standards: consultation

9 Consideration of standards: publication requirements

10 Certification

11 Periodic review by Secretary of State of impact of adopted standard

12 Secretary of State’s duty to report to Parliament

CHAPTER 4 Power for Secretary of State to delegate adoption function

13 Delegation of the Secretary of State’s functions

14 (1) The Secretary of State’s power to make delegation regulations…

CHAPTER 5 Supplementary provisions with respect to delegation

15 Operation of this Chapter

17 Reporting by the body

18 Other supplementary provisions

CHAPTER 6 Consequential amendments, revocations and transitional provision relating to the adoption of international accounting standards

19 Consequential amendments and transitional provision relating to the adoption of international accounting standards

20 Revocations and transitional provision

PART 3
Transitional and consequential amendments relating to European Public Limited-Liability Companies

21 Transitional and consequential amendments relating to European Public Limited-Liability Companies

PART 4
Miscellaneous amendments

22 Amendments to the Competition (Amendment etc.) (EU Exit) Regulations 2019

23 Amendments to the Accounts and Reports (Amendment) (EU Exit) Regulations 2019

SCHEDULES

SCHEDULE 1 Consequential amendments and transitional provision relating to the adoption of international accounting standards in the United Kingdom

SCHEDULE 2 Revocations

SCHEDULE 3 Amendments relating to European Public Limited-Liability Companies

Explanatory note

Which version?
Latest available (Revised)
Original (As enacted)

Changes to legislation:

There are currently no known outstanding effects for The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019, CHAPTER 2.

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

PART 2Adoption of international accounting standards

CHAPTER 2International accounting standards on F1IP completion day

International accounting standards in the UK on F2IP completion day4.

The international accounting standards adopted for use within the United Kingdom on F2IP completion day are those which were contained in Commission Regulation (EC) No. 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No. 1606/2002 of the European Parliament and of the Council on the application of international accounting standards M1, as it had effect immediately before F2IP completion day.