xmlns:atom="http://www.w3.org/2005/Atom"

  1. Introductory Text

  2. PART 1 General

    1. 1.Citation, commencement and interpretation

  3. PART 2 Changes to account formats, accounting rules and notes to the accounts

    1. 2.Differing business of subsidiary undertaking no longer a reason for exclusion from consolidated accounts

    2. 3.Accounts may show amounts in euro

    3. 4.Removal of provisions requiring disclosures in notes to accounts

    4. 5.Alteration of heading in balance sheet formats

    5. 6.Alteration to which liabilities and losses are to be taken into account

    6. 7.Amounts in accounts to have regard to the substance of the reported transaction

  4. PART 3 Fair value method of valuation

    1. 8.Valuation at fair value

    2. 9.Information about fair value in notes to the accounts

  5. PART 4 Changes to the directors' report and interpretation

    1. 10.Disclosures in relation to financial instruments

    2. 11.Interpretation

    3. 12.Minor and consequential amendments

  6. Signature

    1. SCHEDULE

      1. 1.The principal Regulations are amended as follows.

      2. 2.In regulation 2 (interpretation)— (a) in the definition of “group...

      3. 3.(1) In regulation 4 (group accounts: supplementary provisions), for “subsections...

      4. 4.In regulation 5 (notes to annual accounts)—

      5. 5.In paragraph 2(3) of Schedule 4 (form and content of...

      6. 6.(1) In paragraph 22 of Schedule 5 (reserves and provisions...

  8. Explanatory Note