Paragraph 15 I1

United Kingdom

In regulation 9 (individual accounts)—

(a)

in the modified version of section 394A applied by that regulation (individual accounts: exemption for dormant subsidiaries) M1—

(i)

in subsection (1)(c), for “an EEA State” substitute “ any part of the United Kingdom ”;

(ii)

for subsection (2)(c)(i), substitute—

“(i)
if the undertaking is a company, the requirements of this Part of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or”;

(b)

in the modified version of section 394C(2) applied by that regulation (dormant subsidiaries exemption: parent undertaking declaration of guarantee) M2—

(i)

for paragraph (b), substitute—

“(b)
the registered number of the parent undertaking (if any),”;

(ii)

omit paragraph (c);

(c)

in the modified version of section 395(3) applied by that regulation (individual accounts: applicable accounting framework)—

(i)

in paragraph (c), for “regulated market in an EEA State” substitute “ UK regulated market ”;

(ii)

in paragraph (d), for “regulated market in an EEA State” substitute “ UK regulated market ”.

Annotations

Marginal citations

M1: Section 394A was inserted by S.I. 2012/2301 and amended by S.I 2016/575.
M2: Section 394C was inserted by S.I. 2012/2301.

Commencement

I1: Sch. 3 para. 15 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)(c)