Commission Regulation (EC) No 70/2009Show full title

Article 1

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

1.

International Financial Reporting Standard (IFRS) 5 is amended as set out in the Annex to this Regulation;

2.

International Accounting Standard (IAS) 1, IAS 8, IAS 10, IAS 16, IAS 19, IAS 20, IAS 23, IAS 27, IAS 28, IAS 29, IAS 31, IAS 34, IAS 36, IAS 38, IAS 39, IAS 40; IAS 41 are amended as set out in the Annex to this Regulation;

3.

IFRS 1 is amended in accordance with the amendments to IFRS 5 as set out in the Annex to this Regulation;

4.

IAS 7 is amended in accordance with the amendments to IAS 16 as set out in the Annex to this Regulation;

5.

IFRS 7 and IAS 32 are amended in accordance with the amendments to IAS 28 and IAS 31 as set out in the Annex to this Regulation;

6.

IAS 16 is amended in accordance with the amendments to IAS 40 as set out in the Annex to this Regulation;

7.

IAS 41 is amended in accordance with the amendments to IAS 20 as set out in the Annex to this Regulation;

8.

IFRS 5, IAS 2 and IAS 36 are amended in accordance with the amendments to IAS 41 as set out in the Annex to this Regulation.

Article 2

Each company shall apply the amendments to the standards referred to in points (2) and (4) to (8) of Article 1, at the latest, as from the commencement date of its first financial year starting after 31 December 2008.

Each company shall apply the amendments to the standards referred to in points (1) and (3) of Article 1, at the latest, as from the commencement date of its first financial year starting after 30 June 2009.

Article 3

This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 23 January 2009.

For the Commission

Charlie McCreevy

Member of the Commission