# The Air Traffic Management (Amendment etc.) (EU Exit) Regulations 2019, Regulation 32: Article 12 of Regulation (EC) No 550/2004

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

(1) Article 12 (transparency of accounts) is amended as follows.
(2) In paragraph 1 for “the international accounting standards adopted by the Community” substitute “ international accounting standards within the meaning of Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (see Article 2 of that Regulation) ”.
(3) In paragraph 3 omit the words beginning with “, broken down” and ending with “Article 14”.
(4) In paragraph 4—
(a) for “Member States shall designate the competent authorities that” substitute “ The national supervisory authority ”, and
(b) for “their responsibility” substitute “ the responsibility of the United Kingdom ”.
(5) Omit paragraph 5.

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Source: https://www.legislation.gov.uk/uksi/2019/459/regulation/32 (the official version)
Page: https://openlegislation.uk/air-traffic-management-amendment-etc-eu-exit-regulations-2019/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.