Commission Regulation (EU) No 1205/2011 of 22 November 2011 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) 7 (Text with EEA relevance) (revoked)

EU Regulation No 1205/2011 · Adopted 22 November 2011 · Extends to United Kingdom

Contents

1. 1Article 1 Repealed
2. 2Article 2 Repealed
3. 3Article 3 Repealed
4. Signature
5. Annex: INTERNATIONAL ACCOUNTING STANDARDS Repealed
6. Division Repealed
7. AMENDMENTS TO IFRS 7Financial Instruments: Disclosures Repealed
8. TRANSFERS OF FINANCIAL ASSETS Repealed
9. 42AThe disclosure requirements in paragraphs 42B–42H relating to transfers of financial assets supplement the other disclosure requirements of this IFRS. An entity shall present the disclosures required by paragraphs 42B–42H in a single note in its financial statements. An entity shall provide the required disclosures for all transferred financial assets that are not derecognised and for any continuing involvement in a transferred asset, existing at the reporting date, irrespective of when the related transfer transaction occurred. For the purposes of applying the disclosure requirements in those paragraphs, an entity transfers all or a part of a financial asset (the transferred financial asset), if, and only if, it either: Repealed
10. 42BAn entity shall disclose information that enables users of its financial statements: Repealed
11. 42CFor the purposes of applying the disclosure requirements in paragraphs 42E–42H, an entity has continuing involvement in a transferred financial asset if, as part of the transfer, the entity retains any of the contractual rights or obligations inherent in the transferred financial asset or obtains any new contractual rights or obligations relating to the transferred financial asset. For the purposes of applying the disclosure requirements in paragraphs 42E–42H, the following do not constitute continuing involvement: Repealed
12. Transferred financial assets that are not derecognised in their entirety Repealed
13. 42DAn entity may have transferred financial assets in such a way that part or all of the transferred financial assets do not qualify for derecognition. To meet the objectives set out in paragraph 42B(a), the entity shall disclose at each reporting date for each class of transferred financial assets that are not derecognised in their entirety: Repealed
14. Transferred financial assets that are derecognised in their entirety Repealed
15. 42ETo meet the objectives set out in paragraph 42B(b), when an entity derecognises transferred financial assets in their entirety (see paragraph 20(a) and (c)(i) of IAS 39) but has continuing involvement in them, the entity shall disclose, as a minimum, for each type of continuing involvement at each reporting date: Repealed
16. 42FDivision 42F Repealed
17. 42GIn addition, an entity shall disclose for each type of continuing involvement: Repealed
18. Supplementary information Repealed
19. 42HDivision 42H Repealed
20. EFFECTIVE DATE AND TRANSITION Repealed
21. 44MDivision 44M Repealed
22. Appendix BApplication guidance Repealed
23. DERECOGNITION (PARAGRAPHS 42C–42H) Repealed
24. Continuing involvement (paragraph 42C) Repealed
25. B29Division B29 Repealed
26. B30Division B30 Repealed
27. B31Division B31 Repealed
28. Transferred financial assets that are not derecognised in their entirety Repealed
29. B32Division B32 Repealed
30. Types of continuing involvement (paragraphs 42E–42H) Repealed
31. B33Division B33 Repealed
32. Maturity analysis for undiscounted cash outflows to repurchase transferred assets (paragraph 42E(e)) Repealed
33. B34Division B34 Repealed
34. B35An entity shall use its judgement to determine an appropriate number of time bands in preparing the maturity analysis required by paragraph 42E(e). For example, an entity might determine that the following maturity time bands are appropriate: Repealed
35. B36Division B36 Repealed
36. Qualitative information (paragraph 42E(f)) Repealed
37. B37The qualitative information required by paragraph 42E(f) includes a description of the derecognised financial assets and the nature and purpose of the continuing involvement retained after transferring those assets. It also includes a description of the risks to which an entity is exposed, including: Repealed
38. Gain or loss on derecognition (paragraph 42G(a)) Repealed
39. B38Division B38 Repealed
40. Supplementary information (paragraph 42H) Repealed
41. B39Division B39 Repealed
42. AMENDMENT TO IFRS 1First-time Adoption of International Financial Reporting Standards Repealed
43. EFFECTIVE DATE Repealed
44. 39FDivision 39F Repealed
45. Appendix EShort-term exemptions from IFRSs Repealed
46. Disclosures about financial instruments Repealed
47. E4Division E4 Repealed