{
  "url": "https://openlegislation.uk/draft-official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019/schedule-1/paragraph-4",
  "json_url": "https://openlegislation.uk/draft-official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019/schedule-1/paragraph-4.json",
  "legislation": "ukdsi/2019/9780111178881",
  "legislation_title": "The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019",
  "path": "schedule/1/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "In Annex 9, in item 11.1—\n(a) in the first subparagraph, omit the third, fourth and fifth sentences and points (a) and (b);\n(b) after the first subparagraph insert—\n“In relation to a financial year beginning on or before the day on which exit day falls, such financial information must be prepared as mentioned in Article 35.\nIn relation to a financial year beginning after the day on which exit day falls, for issuers established in the United Kingdom, such financial information must be prepared in accordance with—\n(a) UK-adopted international accounting standards, or\n(b) if those standards are not applicable, UK accounting standards.\nIn relation to a financial year beginning after the day on which exit day falls, for issuers established in a country outside the United Kingdom, such financial information must be prepared in accordance with—\n(a) UK-adopted international accounting standards,\n(b) one of the accounting standards referred to in Article 35(5), or\n(c) national accounting standards of that country that are equivalent to UK-adopted international accounting standards.\nFor an issuer established in a country outside the United Kingdom, if such financial information is not prepared according to the required standards, the following information must be included in the registration document—\n(a) a prominent statement that the financial information included in the registration document has not been prepared—\n(i) in the case of a financial year beginning on or before the day on which exit day falls, in accordance with International Financial Reporting Standards adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union, or\n(ii) in the case of a financial year beginning after the day on which exit day falls, in accordance with UK-adopted international accounting standards, and\n(b) immediately following the historical financial information, a narrative description of the differences between whichever of those international standards is relevant and the accounting principles adopted by the issuer in preparing its annual financial statements.”;\n(c) in the final subparagraph, for “a Member State” substitute “the United Kingdom”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111178881/schedule/1/paragraph/4",
    "retrieved_at": "2026-10-30T15:01:38.917936+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."
}