Search Legislation

Advanced Search

Commission Regulation (EU) No 1256/2012Show full title

Commission Regulation (EU) No 1256/2012 of 13 December 2012 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard 7 and International Accounting Standard 32 (Text with EEA relevance) (revoked)

Help about what version

What Version

Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Close

This item of legislation originated from the EU

Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).

Changes to legislation:

There are currently no known outstanding effects for the Commission Regulation (EU) No 1256/2012. Help about Changes to Legislation

Close

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.

  1. Introductory Text

  2. Article 1.The Annex to Regulation (EC) No 1126/2008 is amended as follows:...

  3. Article 2.(1) Each company shall apply the amendments referred to in...

  4. Article 3.This Regulation shall enter into force on the third day...

  5. Signature

    1. ANNEX

      INTERNATIONAL ACCOUNTING STANDARDS

      2. Amendments to IFRS 7 Financial Instruments: Disclosures

        1. Offsetting financial assets and financial liabilities

          1. 13A The disclosures in paragraphs 13B–13E supplement the other disclosure requirements...

          2. 13B An entity shall disclose information to enable users of its...

          3. 13C To meet the objective in paragraph 13B, an entity shall...

          4. 13D The total amount disclosed in accordance with paragraph 13C(d) for...

          5. 13E An entity shall include a description in the disclosures of...

          6. 13F If the information required by paragraphs 13B–13E is disclosed in...

          7. EFFECTIVE DATE AND TRANSITION

            1. 44R Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7),...

        2. Offsetting financial assets and financial liabilities (paragraphs 13A–13F)

          1. Scope (paragraph 13A)

            1. B40 The disclosures in paragraphs 13B–13E are required for all recognised...

            2. B41 The similar agreements referred to in paragraphs 13A and B40...

            3. Disclosure of quantitative information for recognised financial assets and recognised...

              1. B42 Financial instruments disclosed in accordance with paragraph 13C may be...

            4. Disclosure of the gross amounts of recognised financial assets and...

              1. B43 The amounts required by paragraph 13C(a) relate to recognised financial...

            5. Disclosure of the amounts that are set off in accordance...

              1. B44 Paragraph 13C(b) requires that entities disclose the amounts set off...

            6. Disclosure of the net amounts presented in the statement of...

              1. B45 If an entity has instruments that meet the scope of...

              2. B46 The amounts required to be disclosed by paragraph 13C(c) must...

            7. Disclosure of the amounts subject to an enforceable master netting...

              1. B47 Paragraph 13C(d) requires that entities disclose amounts that are subject...

              2. B48 Paragraph 13C(d)(ii) refers to amounts related to financial collateral, including...

            8. Limits on the amounts disclosed in paragraph 13C(d) (paragraph 13D)...

              1. B49 When disclosing amounts in accordance with paragraph 13C(d), an entity...

            9. Description of the rights of set-off subject to enforceable master...

              1. B50 An entity shall describe the types of rights of set-off...

            10. Disclosure by type of financial instrument or by counterparty

              1. B51 The quantitative disclosures required by paragraph 13C(a)–(e) may be grouped...

              2. B52 Alternatively, an entity may group the quantitative disclosures required by...

            11. Other

              1. B53 The specific disclosures required by paragraphs 13C–13E are minimum requirements....

      3. Appendix Amendment to IAS 32 Financial Instruments: Presentation

        1. 43 This Standard requires the presentation of financial assets and financial...

      4. Offsetting Financial Assets and Financial Liabilities Amendments to IAS 32 Financial Instruments: Presentation

        1. EFFECTIVE DATE AND TRANSITION

          1. 97L Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32),...

        2. Application Guidance

          1. Criterion that an entity ‘currently has a legally enforceable right...

            1. AG38A A right of set-off may be currently available or it...

            2. AG38B To meet the criterion in paragraph 42(a), an entity must...

            3. AG38C The nature and extent of the right of set-off, including...

            4. AG38D The laws applicable to the relationships between the parties (for...

          2. Criterion that an entity ‘intends either to settle on a...

            1. AG38E To meet the criterion in paragraph 42(b) an entity must...

            2. AG38F If an entity can settle amounts in a manner such...

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources