# The Accounts and Reports (Amendment) (EU Exit) Regulations 2019, Paragraph 16

Extent: E+W+S+N.I.

In regulation 10 (group accounts)—
(a) in the modified version of section 399 applied by that regulation (duty to prepare group accounts) —
(i) in subsection (2B)—
(aa) in paragraph (a), for “an EEA State” substitute “ any part of the United Kingdom ”;
(bb) in paragraph (b), for the words from “Directive 2013/34/EU” to the end substitute “ the requirements of this Part of this Act ”;
(cc) for paragraph (c), substitute—
“(c) it—
(i) is an undertaking whose transferable securities are admitted to trading on a UK regulated market,
(ii) is a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation, or
(iii) would be an insurance undertaking within the meaning given by Article 2(1) of Council Directive 91/674/EEC of the European Parliament and of the Council on the annual accounts of insurance undertakings were the United Kingdom a member State.”;
(ii) in subsection (3)—
(aa) in the descriptive text in brackets after “section 400” for “EEA” substitute “ UK ”;
(bb) in the descriptive text in brackets after “section 401” for “non-EEA” substitute “ non-UK ”;
(b) in the modified version of section 400 applied by that regulation (exemption for LLP included in EEA group accounts of larger group) —
(i) in the heading, for “EEA” substitute “ UK ”;
(ii) in subsection (1), for “an EEA State” substitute “ any part of the United Kingdom ”;
(iii) in subsection (2)—
(aa) in paragraph (a), for “an EEA State” substitute “ any part of the United Kingdom ”;
(bb) in the opening words of paragraph (b), omit “, according to that law”;
(cc) for paragraph (b)(i) substitute—
“(i) if the undertaking is a company, in accordance with 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”;
(dd) in paragraph (d)(i), omit “(whether in or outside the United Kingdom)”;
(c) in the modified version of section 401 applied by that regulation (exemption for LLP included in non-EEA group accounts of larger group) —
(i) in the heading, for “non-EEA” substitute “ non-UK ”;
(ii) in subsection (1), for “an EEA State” substitute “ any part of the United Kingdom ”;
(iii) in subsection (2)(b)—
(aa) omit sub-paragraph (i);
(bb) in sub-paragraph (ii), for “so drawn up” substitute “ drawn up in accordance with the requirements of this Part of this Act ”;
(d) in the modified version of section 403(3) applied by that regulation (group accounts: applicable accounting framework)—
(i) in paragraph (b), for “regulated market in an EEA State” substitute “ UK regulated market ”;
(ii) in paragraph (c), for “regulated market in an EEA State” substitute “ UK regulated market ”.

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Source: https://www.legislation.gov.uk/uksi/2019/145/schedule/3/paragraph/16 (the official version)
Page: https://openlegislation.uk/accounts-and-reports-amendment-eu-exit-regulations-2019/schedule-3/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.