# 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), Division 7: 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:

Extent: E+W+S+N.I.

(a) the employee’s rights to the entity’s equity instruments were granted by the entity itself or by its shareholder(s); or
(b) the share-based payment arrangement was settled by the entity itself or by its shareholder(s).

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Source: https://www.legislation.gov.uk/eur/2007/611/annex/division/IFRIC/division/3/division/1/division/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-611/annex/division-IFRIC/division-3/division-1/division-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.