SCHEDULE 1Consequential amendments and transitional provision relating to the adoption of international accounting standards in the United Kingdom
PART 1Amendments to Primary Legislation
CHAPTER 2Amendments to other primary legislation
I142
In section 69E (duty to prepare group accounts) M1—
a
in subsection (2)—
i
for “Article 4 of the IAS Regulation” substitute “
section 403(1) of the Companies Act 2006
”
;
ii
for “international accounting standards” substitute “
UK-adopted international accounting standards
”
;
b
in subsection (3)(b), for “international accounting standards” substitute “
UK-adopted international accounting standards
”
;
c
in subsection (4), for “international accounting standards” substitute “
UK-adopted international accounting standards
”
;
d
in subsection (5)(a), for “international accounting standards” substitute “
UK-adopted international accounting standards
”
.