{
  "url": "https://openlegislation.uk/eu-regulation-2005-1073/annex/division-IFRIC/division-5/division-10",
  "json_url": "https://openlegislation.uk/eu-regulation-2005-1073/annex/division-IFRIC/division-5/division-10.json",
  "legislation": "eur/2005/1073",
  "legislation_title": "Commission Regulation (EC) No 1073/2005 of 7 July 2005 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council, as regards IFRIC 2 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2005-1073",
  "path": "annex/division/IFRIC/division/5/division/10",
  "kind": "division",
  "number": "10",
  "heading": null,
  "text": "At initial recognition, the entity shall measure its financial liability for redemption at fair value. In the case of members’ shares with a redemption feature, the entity measures the fair value of the financial liability for redemption at no less than the maximum amount payable under the redemption provisions of its governing charter or applicable law discounted from the first date that the amount could be required to be paid (see example 3).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2005/1073/annex/division/IFRIC/division/5/division/10",
    "retrieved_at": "2026-11-01T14:54:30.077328+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."
}