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

PART 1Amendments to Primary Legislation

CHAPTER 1Amendments to the Companies Act 2006

Exemption for company included in non-EEA group accounts of larger groupI19

In section 401(2)(b)(iii) M1, for “international accounting standards adopted pursuant to the IAS Regulation” substitute “ UK-adopted international accounting standards ”.