Commission Regulation (EU) No 244/2010 of 23 March 2010 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 Standard (IFRS) 2 (Text with EEA relevance) (revoked)
EU Regulation No 244/2010 · Adopted 23 March 2010 · Extends to United Kingdom
Commission Regulation (EU) No 244/2010
of 23 March 2010
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 Standard (IFRS) 2
(Text with EEA relevance) (revoked)
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Annotations to the whole text
Textual amendments
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Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 24 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)
Contents
- 1Article 1 Repealed
- 2Article 2 Repealed
- 3Article 3 Repealed
- Signature
- Annex: INTERNATIONAL ACCOUNTING STANDARDS Repealed
- Division Repealed
- Amendments to IFRS 2 Share-based Payment Repealed
- SCOPE Repealed
- Division Repealed
- 2An entity shall apply this IFRS in accounting for all share-based payment transactions, whether or not the entity can identify specifically some or all of the goods or services received, including: Repealed
- 3Division 3 Repealed
- 3AA share-based payment transaction may be settled by another group entity (or a shareholder of any group entity) on behalf of the entity receiving or acquiring the goods or services. Paragraph 2 also applies to an entity that Repealed
- EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS Repealed
- Division Repealed
- Overview Repealed
- 13ADivision 13A Repealed
- Share-based payment transactions among group entities Repealed
- Division Repealed
- SHARE-BASED PAYMENT TRANSACTIONS AMONG GROUP ENTITIES (2009 AMENDMENTS) Repealed
- 43AFor share-based payment transactions among group entities, in its separate or individual financial statements, the entity receiving the goods or services shall measure the goods or services received as either an equity-settled or a cash-settled share-based payment transaction by assessing: Repealed
- 43BThe entity receiving the goods or services shall measure the goods or services received as an equity-settled share-based payment transaction when: Repealed
- 43CDivision 43C Repealed
- 43DDivision 43D Repealed
- EFFECTIVE DATE Repealed
- Division Repealed
- 63An entity shall apply the following amendments made by Group Cash-settled Share-based Payment Transactions issued in June 2009 retrospectively, subject to the transitional provisions in paragraphs 53–59, in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2010: Repealed
- WITHDRAWAL OF INTERPRETATIONS Repealed
- 64Group Cash-settled Share-based Payment Transactions issued in June 2009 supersedes IFRIC 8 Scope of IFRS 2 and IFRIC 11 IFRS 2 — Group and Treasury Share Transactions. The amendments made by that document incorporated the previous requirements set out in IFRIC 8 and IFRIC 11 as follows: Repealed
- DEFINED TERMS Repealed
- Division Repealed
- SCOPE OF IFRS 2 Repealed
- Division Repealed
- Share-based payment transactions among group entities (2009 amendments) Repealed
- B45Division B45 Repealed
- B46Division B46 Repealed
- B47Division B47 Repealed
- Share-based payment arrangements involving an entity’s own equity instruments Repealed
- B48The first issue is whether the following transactions involving an entity’s own equity instruments should be accounted for as equity-settled or as cash-settled in accordance with the requirements of this IFRS: Repealed
- B49The entity shall account for share-based payment transactions in which it receives services as consideration for its own equity instruments 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: Repealed
- B50Division B50 Repealed
- Share-based payment arrangements involving equity instruments of the parent Repealed
- B51Division B51 Repealed
- B52Therefore, the second issue concerns the following share-based payment arrangements: Repealed
- A parent grants rights to its equity instruments to the employees of its subsidiary (paragraph B52(a)) Repealed
- B53Division B53 Repealed
- B54Division B54 Repealed
- A subsidiary grants rights to equity instruments of its parent to its employees (paragraph B52(b)) Repealed
- B55Division B55 Repealed
- Share-based payment arrangements involving cash-settled payments to employees Repealed
- B56The third issue is how an entity that receives goods or services from its suppliers (including employees) should account for share-based arrangements that are cash-settled when the entity itself does not have any obligation to make the required payments to its suppliers. For example, consider the following arrangements in which the parent (not the entity itself) has an obligation to make the required cash payments to the employees of the entity: Repealed
- B57Division B57 Repealed
- B58Division B58 Repealed
- Transfer of employees between group entities Repealed
- B59Division B59 Repealed
- B60Division B60 Repealed
- B61Division B61 Repealed
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2F1
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3F1
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Signature
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Amendments to IFRS 2 Share-based PaymentF1
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SCOPEF1
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2An entity shall apply this IFRS in accounting for all share-based payment transactions, whether or not the entity can identify specifically some or all of the goods or services received, including:F1
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3F1
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3AA share-based payment transaction may be settled by another group entity (or a shareholder of any group entity) on behalf of the entity receiving or acquiring the goods or services. Paragraph 2 also applies to an entity thatF1
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EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONSF1
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OverviewF1
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13AF1
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Share-based payment transactions among group entitiesF1
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SHARE-BASED PAYMENT TRANSACTIONS AMONG GROUP ENTITIES (2009 AMENDMENTS)F1
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43AFor share-based payment transactions among group entities, in its separate or individual financial statements, the entity receiving the goods or services shall measure the goods or services received as either an equity-settled or a cash-settled share-based payment transaction by assessing:F1
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43BThe entity receiving the goods or services shall measure the goods or services received as an equity-settled share-based payment transaction when:F1
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43CF1
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43DF1
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EFFECTIVE DATEF1
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63An entity shall apply the following amendments made by Group Cash-settled Share-based Payment Transactions issued in June 2009 retrospectively, subject to the transitional provisions in paragraphs 53–59, in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2010:F1
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WITHDRAWAL OF INTERPRETATIONSF1
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64Group Cash-settled Share-based Payment Transactions issued in June 2009 supersedes IFRIC 8 Scope of IFRS 2 and IFRIC 11 IFRS 2 — Group and Treasury Share Transactions. The amendments made by that document incorporated the previous requirements set out in IFRIC 8 and IFRIC 11 as follows:F1
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DEFINED TERMSF1
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SCOPE OF IFRS 2F1
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Share-based payment transactions among group entities (2009 amendments)F1
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B45F1
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B46F1
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B47F1
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Share-based payment arrangements involving an entity’s own equity instrumentsF1
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B48The first issue is whether the following transactions involving an entity’s own equity instruments should be accounted for as equity-settled or as cash-settled in accordance with the requirements of this IFRS:F1
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B49The entity shall account for share-based payment transactions in which it receives services as consideration for its own equity instruments 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:F1
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B50F1
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Share-based payment arrangements involving equity instruments of the parentF1
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B51F1
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B52Therefore, the second issue concerns the following share-based payment arrangements:F1
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A parent grants rights to its equity instruments to the employees of its subsidiary (paragraph B52(a))F1
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B53F1
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B54F1
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A subsidiary grants rights to equity instruments of its parent to its employees (paragraph B52(b))F1
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B55F1
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Share-based payment arrangements involving cash-settled payments to employeesF1
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B56The third issue is how an entity that receives goods or services from its suppliers (including employees) should account for share-based arrangements that are cash-settled when the entity itself does not have any obligation to make the required payments to its suppliers. For example, consider the following arrangements in which the parent (not the entity itself) has an obligation to make the required cash payments to the employees of the entity:F1
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B57F1
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B58F1
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Transfer of employees between group entitiesF1
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B59F1
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B60F1
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B61F1
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