{
  "url": "https://openlegislation.uk/eu-regulation-2007-611",
  "json_url": "https://openlegislation.uk/eu-regulation-2007-611.json",
  "id": "eur/2007/611",
  "title": "Commission Regulation (EC) No 611/2007 of 1 June 2007 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 Interpretations Committee’s (IFRIC) Interpretation 11 (Text with EEA relevance)",
  "short_title": "Regulation (EC) No 611/2007 amending Regulation (EC) No 1725/2003 adopting certain international accounting…",
  "long_title": "Commission Regulation (EC) No 611/2007 of 1 June 2007 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 Interpretations Committee’s (IFRIC) Interpretation 11 (Text with EEA relevance)",
  "citation": "EU Regulation No 611/2007",
  "type": "eur",
  "year": "2007",
  "number": "611",
  "version": "current",
  "date": "2007-06-01",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
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      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2007-611/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
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      "number": "2",
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      "url": "https://openlegislation.uk/eu-regulation-2007-611/article-2",
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      "status": null,
      "parent": null
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    {
      "path": "article/3",
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      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2007-611/article-3",
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      "status": null,
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    },
    {
      "path": "signature",
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      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex",
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      "status": null,
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    {
      "path": "annex/annotation/1",
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      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex-annotation/1",
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      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/IFRIC",
      "kind": "division",
      "number": "IFRIC INTERPRETATION 11",
      "heading": "IFRS 2 — Group and Treasury Share Transactions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/IFRIC/division/1",
      "kind": "division",
      "number": null,
      "heading": "References",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC"
    },
    {
      "path": "annex/division/IFRIC/division/2",
      "kind": "division",
      "number": null,
      "heading": "Issues",
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      "parent": "annex/division/IFRIC"
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    {
      "path": "annex/division/IFRIC/division/2/division/1",
      "kind": "division",
      "number": "1",
      "heading": "This Interpretation addresses two issues. The first is whether the following transactions should be accounted for as equity-settled or as cash-settled under the requirements of IFRS 2:",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/2"
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      "path": "annex/division/IFRIC/division/2/division/2",
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      "number": "2",
      "heading": "The second issue concerns share-based payment arrangements that involve two or more entities within the same group. For example, employees of a subsidiary are granted rights to equity instruments of its parent as consideration for the services provided to the subsidiary. IFRS 2 paragraph 3 states that:",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/2"
    },
    {
      "path": "annex/division/IFRIC/division/2/division/3",
      "kind": "division",
      "number": "3",
      "heading": "Therefore, the second issue addresses the following share-based payment arrangements:",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/2"
    },
    {
      "path": "annex/division/IFRIC/division/2/division/4",
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      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/2"
    },
    {
      "path": "annex/division/IFRIC/division/2/division/5",
      "kind": "division",
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      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-5",
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      "parent": "annex/division/IFRIC/division/2"
    },
    {
      "path": "annex/division/IFRIC/division/2/division/6",
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      "number": "6",
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      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-2/division-6",
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      "status": null,
      "parent": "annex/division/IFRIC/division/2"
    },
    {
      "path": "annex/division/IFRIC/division/3",
      "kind": "division",
      "number": null,
      "heading": "Consensus",
      "url": null,
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      "status": null,
      "parent": "annex/division/IFRIC"
    },
    {
      "path": "annex/division/IFRIC/division/3/division/1",
      "kind": "division",
      "number": null,
      "heading": "Share-based payment arrangements involving an entity’s own equity instruments (paragraph 1)",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/3"
    },
    {
      "path": "annex/division/IFRIC/division/3/division/1/division/7",
      "kind": "division",
      "number": "7",
      "heading": "Share-based payment transactions in which an entity receives services as consideration for its own equity instruments shall be accounted for as equity-settled. This applies regardless of whether the entity chooses or is required to buy those equity instruments from another party to satisfy its obligations to its employees under the share-based payment arrangement. It also applies regardless of whether:",
      "url": "https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-3/division-1/division-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/3/division/1"
    },
    {
      "path": "annex/division/IFRIC/division/3/division/2",
      "kind": "division",
      "number": null,
      "heading": "Share-based payment arrangements involving equity instruments of the parent",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/IFRIC/division/3"
    },
    {
      "path": "annex/division/IFRIC/division/3/division/2/division/1",
      "kind": "division",
      "number": null,
      "heading": "A parent grants rights to its equity instruments to the employees of its subsidiary (paragraph 3(a))",
      "url": null,
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      "status": null,
      "parent": "annex/division/IFRIC/division/3/division/2"
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}