# Commission Regulation (EC) No 460/2009 of 4 June 2009 amending Regulation (EC) No 1126/2008 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 16 (Text with EEA relevance) (revoked) EU Regulation No 460/2009 · adopted 4 June 2009 Commission Regulation (EC) No 460/2009 of 4 June 2009 amending Regulation (EC) No 1126/2008 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 16 (Text with EEA relevance) ## Introductory text Commission Regulation (EC) No 460/2009 of 4 June 2009 amending Regulation (EC) No 1126/2008 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 16 (Text with EEA relevance) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IFRIC INTERPRETATION 16 Hedges of a Net Investment in a Foreign Operation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## REFERENCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## BACKGROUND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## ISSUES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Investments in foreign operations may be held directly by a parent entity or indirectly by its subsidiary or subsidiaries. The issues addressed in this Interpretation are: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## CONSENSUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Nature of the hedged risk and amount of the hedged item for which a hedging relationship may be designated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Where the hedging instrument can be held . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Disposal of a hedged foreign operation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## TRANSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Application guidance This appendix is an integral part of the Interpretation. AG1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nature of hedged risk for which a hedging relationship may be designated (paragraphs 10-13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount of hedged item for which a hedging relationship may be designated (paragraphs 10-13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Where in a group can the hedging instrument be held (paragraphs 14 and 15)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amounts reclassified to profit or loss on disposal of a foreign operation (paragraphs 16 and 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Hedging more than one foreign operation (paragraphs 11, 13 and 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Parent holds both USD and GBP hedging instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subsidiary B holds the USD hedging instrument . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AG15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2009/460 (the official version) Page: https://openlegislation.uk/eu-regulation-2009-460 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.