ANNEX U.K.

Appendix D Exemptions from other IFRSs

Fair value measurement of financial assets or financial liabilities at initial recognition U.K.

D20 Notwithstanding the requirements of paragraphs 7 and 9, an entity may apply the requirements in the last sentence of IAS 39 paragraph AG76 and in paragraph AG76A, in either of the following ways: U.K.

(a)

prospectively to transactions entered into after 25 October 2002; or

(b)

prospectively to transactions entered into after 1 January 2004.