# Regulation (EC) No 297/2008 of the European Parliament and of the Council of 11 March 2008 amending Regulation (EC) No 1606/2002 on the application of international accounting standards, as regards the implementing powers conferred on the Commission, Article 1: Amendments

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

Regulation (EC) No 1606/2002 is hereby amended as follows:
1.. Article 3(1) shall be replaced by the following:
‘1. The Commission shall decide on the applicability within the Community of international accounting standards. Those measures, designed to amend non-essential elements of this Regulation by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 6(2).’;
2.. Article 6 shall be amended as follows:
(a) paragraph 2 shall be replaced by the following:
‘2. Where reference is made to this paragraph, Article 5a(1) to (4) and Article 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.’;
(b) paragraph 3 shall be deleted.

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Source: https://www.legislation.gov.uk/eur/2008/297/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-297/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.