Article 1

Annex to Regulation (EC) No 1725/2003 is amended as follows:

1. 1..

   International Financial Reporting Standard (IFRS) 1 First-time Adoption of IFRSs is amended in accordance with Amendments to IFRS 1 and the Basis for Conclusions of IFRS 6 Exploration for and evaluation of mineral resources as set out in the Annex to this Regulation;

2. 2..

   The International Accounting Standard (IAS) 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions is replaced by IFRS 7 Financial instruments: Disclosure as set out in the Annex to this Regulation;

3. 3..

   International Accounting Standard (IAS) 1 Presentation of Financial Statements — Capital Disclosures is amended in accordance with the Amendment to IAS 1 as set out in the Annex to this Regulation;

4. 4..

   IAS 39 Financial Instruments: Recognition and Measurement and IFRS 4 Insurance Contracts are amended in accordance with Amendments to IAS 39 and IFRS 4 as set out in the Annex to this Regulation;

5. 5..

   International Financial Reporting Interpretations Committee's (IFRIC) Interpretation 6 Liabilities arising from Participating in a Specific Market — Waste Electrical and Electronic Equipment is inserted as set out in the Annex to this Regulation;

6. 6..

   The adoption of IFRS 7 implies, by way of consequence, amendments to IFRS 1 and 4 and IAS 14, IAS 17, IAS 32, IAS 33 and IAS 39 in accordance with Appendix C of IFRS 7 as set out in the Annex to this Regulation;

7. 7..

   IAS 32 is amended in accordance with the Amendments to IAS 39 and IFRS 4 as set out in the Annex to this Regulation.