# The Companies Act 1989 (Commencement No. 4 and Transitional and Saving Provisions) Order 1990, Paragraph 7: Schedule 4A: Paragraphs 7 to 12 (Acquisition and merger accounting)


(1) Paragraphs 7 to 12 of Schedule 4A of new Part VII shall not be construed as requiring:
(a) an old acquisition accounted for by way of the merger method of accounting to be accounted for by the acquisition method; or
(b) the re-calculation of any set-off made with respect to an old acquisition or as requiring any re-assessment of the values at which any assets or liabilities acquired as a result of such an acquisition are included in the group accounts.
(2) For the purposes of sub-paragraph (1), an “old acquisition” is an acquisition of a subsidiary undertaking which has been accounted for, in group accounts which a company was required to prepare for a financial year under old Part VII, by way of the merger method or acquisition method of accounting as recognised by generally accepted accounting principles or practice at the time.

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Source: https://www.legislation.gov.uk/uksi/1990/355/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/companies-act-1989-commencement-no-4-and-transitional-and-saving-provisions-order-1990/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.