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57.—(1) The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008(1) are amended as follows.
(2) In Schedule 1 (Companies Act individual accounts: companies which are not banking or insurance companies)—
(a)in Part 2 (accounting principles and rules), in paragraph 36(4), for “international accounting standards” substitute “UK-adopted international accounting standards”;
(b)in Part 3 (notes to the accounts), in paragraph 72(5), for “international accounting standards” substitute “UK-adopted international accounting standards”.
(3) In Schedule 2 (banking companies: Companies Act individual accounts)—
(a)in Part 2 (accounting principles and rules), in paragraph 44(4), for “international accounting standards” substitute “UK-adopted international accounting standards”;
(b)in Part 3 (notes to the accounts), in paragraph 92(5), for “international accounting standards” substitute “UK-adopted international accounting standards”.
(4) In Schedule 3 (insurance companies: Companies Act individual accounts)—
(a)in Part 2 (accounting principles and rules), in paragraph 30(4), for “international accounting standards” substitute “UK-adopted international accounting standards”;
(b)in Part 3 (notes to the accounts), in paragraph 90(5), for “international accounting standards” substitute “UK-adopted international accounting standards”.
S.I. 2008/410, amended by S.I. 2015/980; there are other amending instruments but none is relevant.
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