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, Section 8.

Changes to Legislation

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PART 2Adoption of international accounting standards

CHAPTER 3The functions of the Secretary of State

Adoption of standards: consultation8.

Before adopting an international accounting standard under regulation 6, the Secretary of State must consult such persons as the Secretary of State considers to be representative of those with an interest in the quality and availability of accounts, including users and preparers of accounts.