# Commission Delegated Regulation (EU) No 311/2012 of 21 December 2011 amending Regulation (EC) No 809/2004 implementing Directive 2003/71/EC of the European Parliament and of the Council as regards elements related to prospectuses and advertisements (Text with EEA relevance), Article 1

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

Article 35 of Regulation (EC) No 809/2004 is amended as follows:
(1) in paragraph 5, the second subparagraph is added:
‘In addition to standards referred to in the first subparagraph, from 1 January 2012, third country issuers may present their historical financial information in accordance with the following standards:
(a) Generally Accepted Accounting Principles of the People’s Republic of China;
(b) Generally Accepted Accounting Principles of Canada;
(c) Generally Accepted Accounting Principles of the Republic of Korea.’
(2) paragraph 5a is replaced by the following:
‘5a. Third country issuers are not subject to a requirement, under Annex I, item 20.1; Annex IV, item 13.1; Annex VII, item 8.2; Annex X, item 20.1 or Annex XI, item 11.1, to restate historical financial information, included in a prospectus and relevant for the financial years prior to financial years starting on or after 1 January 2015, or to a requirement under Annex VII, item 8.2.bis; Annex IX, item 11.1; or Annex X, item 20.1.bis, to provide a narrative description of the differences between International Financial Reporting Standards adopted pursuant to Regulation (EC) No 1606/2002 and the accounting principles in accordance with which such information is drawn up relating to the financial years prior to financial years starting on or after 1 January 2015, provided that the historical financial information is prepared in accordance with the Generally Accepted Accounting Principles of the Republic of India.’

---
Source: https://www.legislation.gov.uk/eur/2012/311/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2012-311/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.