The Accounts and Reports (Amendment) (EU Exit) Regulations 2019

3.  In section 384B(1) (companies excluded from being treated as micro entities)(1)—

(a) in the opening words omit “was”;

(b) at the beginning of paragraph (a) insert “was”;

(c) in paragraph (b)—

(i) at the beginning insert “would have been”;

(ii) at the end before the comma insert “were the United Kingdom a member State”;

(d) in paragraph (c)—

(i) at the beginning insert “would have been”;

(ii) at the end before the comma insert “were the United Kingdom a member State”;

(e) in paragraph (d), for the words from “other than one” to the end substitute “which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation,”;

(f) in paragraph (e)—

(i) at the beginning insert “would have been”;

(ii) at the end insert “were the United Kingdom a member State”; and

(g) at the beginning of paragraph (f) insert “was”.

(1)

Section 384B(1)(d) is amended by paragraph 1 of Schedule 1 to these Regulations.