http://www.legislation.gov.uk/uksi/2004/2947/schedule/5/paragraph/10/made
The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004
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King's Printer of Acts of Parliament
2016-03-11
COMPANIES
These Regulations amend Part 7 of the Companies Act 1985 (“the 1985 Act”) on accounts and audit in order to–ensure the effective application of, and implement Member State options in, EC Regulation No. 1606/2002 of the European Parliament and of the Council of 19th July 2002 on the application of international accounting standards (Official Journal No. L243/1 of 11th September 2002) (“the IAS Regulation”);implement Directive 2001/65/EC of the European Parliament and of the Council of 27th September 2001 amending Directives 78/660/EEC, 83/349/EEC and 86/635/EEC as regards the valuation rules for the annual and consolidated accounts of certain types of companies as well as of banks and other financial institutions (Official Journal No. L283/28 of 27th October 2001) (“the Fair Value Directive”);implement Directive 2003/51/EEC of the European Parliament and of the Council of 18th June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings (Official Journal No. L178/16 of 17th July 2003) (“the Accounts Modernisation Directive”) (with the exception of articles 1.14, 1.17(in part) and 2.10).
The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004
SCHEDULE 5FORM AND CONTENT OF ACCOUNTS OF BANKING COMPANIES AND GROUPS
10
In paragraph 82 (general interpretation), at the appropriate place, insert–
“Investment property” means land held to earn rent or for capital appreciation.