{
  "url": "https://openlegislation.uk/accounting-standards-prescribed-body-regulations-2005/note",
  "json_url": "https://openlegislation.uk/accounting-standards-prescribed-body-regulations-2005/note.json",
  "legislation": "uksi/2005/697",
  "legislation_title": "The Accounting Standards (Prescribed Body) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/accounting-standards-prescribed-body-regulations-2005",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations prescribe the Accounting Standards Board established under The Accounting Standards Board Limited for the purposes of section 256(1) of the Companies Act 1985. Statements of standard accounting practice issued by a body so prescribed are “accounting standards” for the purposes of the provisions of Part 7 of that Act.\nRegulation 3 revokes The Accounting Standards (Prescribed Body) Regulations 1990 under which The Accounting Standards Board Limited was prescribed for the purposes of section 256(1) of the Act.\nRegulation 4 makes a transitional provision in relation to statements of standard accounting practice issued by The Accounting Standards Board Limited.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/697/note",
    "retrieved_at": "2026-10-29T05:03:55.813212+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}