{
  "url": "https://openlegislation.uk/eu-regulation-2005-1864/annex/division-B/division-AMENDMENTS/division-2/division-11A",
  "json_url": "https://openlegislation.uk/eu-regulation-2005-1864/annex/division-B/division-AMENDMENTS/division-2/division-11A.json",
  "legislation": "eur/2005/1864",
  "legislation_title": "Commission Regulation (EC) No 1864/2005 of 15 November 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 International Financial Reporting Standard No 1 and International Accounting Standards Nos. 32 and 39 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2005-1864",
  "path": "annex/division/B/division/AMENDMENTS/division/2/division/11A",
  "kind": "division",
  "number": "11A",
  "heading": null,
  "text": "Notwithstanding paragraph 11, if a contract contains one or more embedded derivatives, an entity may designate the entire hybrid (combined) contract as a financial asset or financial liability at fair value through profit or loss unless:\n(a) the embedded derivative(s) does not significantly modify the cash flows that otherwise would be required by the contract; or\n(b) it is clear with little or no analysis when a similar hybrid (combined) instrument is first considered that separation of the embedded derivative(s) is prohibited, such as a prepayment option embedded in a loan that permits the holder to prepay the loan for approximately its amortised cost.",
  "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/2005/1864/annex/division/B/division/AMENDMENTS/division/2/division/11A",
    "retrieved_at": "2026-11-01T14:54:09.006183+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."
}