SCHEDULE 1 IAS ACCOUNTS: CONSEQUENTIAL AMENDMENTS TO 1985 ACT

5.  In section 222(3)(b) (accounts and returns to be sent to Great Britain)(1)–

(a) for “the company’s balance sheet and profit and loss account” substitute “the accounts required to be prepared under this Part”; and

(b) at the end insert “(and, where applicable, Article 4 of the IAS Regulation)”.

(1)

Section 222 was substituted by section 2 of the Companies Act 1989.