SCHEDULE 1 U.K. Consequential amendments and transitional provision relating to the adoption of international accounting standards in the United Kingdom

PART 2 U.K. Amendments to Subordinate Legislation

Amendments to the Companies (Revision of Defective Accounts and Reports) Regulations 2008 U.K.

55.—(1) The Companies (Revision of Defective Accounts and Reports) Regulations 2008 M1 are amended as follows.

(2) In regulation 3 (content of revised accounts or revised report)—

(a) in paragraph (1), omit “and, where applicable, Article 4 of the IAS Regulation”;

(b) in paragraph (2)(b), for “international accounting standards” substitute “ UK-adopted international accounting standards ”.

(3) In regulation 7 (auditor's report on revised accounts and revised report)—

(a) in paragraph (1A)(b), omit “(and, where applicable, Article 4 of the IAS Regulation)”;

(b) in paragraph (3), omit “and, where applicable, Article 4 of the IAS Regulation”.

Commencement Information

I1 Sch. 1 para. 55 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

M1 S.I. 2008/373, amended by S.I. 2017/1164; there are other amending instruments but none is relevant.