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Commission Regulation (EU) 2016/1703 of 22 September 2016 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 Standards 10 and 12 and International Accounting Standard 28 (Text with EEA relevance) (revoked)

EU Regulation 2016/1703 · Adopted 22 September 2016 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Regulation (EU) 2016/1703

of 22 September 2016

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 Standards 10 and 12 and International Accounting Standard 28

(Text with EEA relevance) (revoked)

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Annotations to the whole text

Textual amendments

F1

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. 52 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Contents

  1. 1Article 1 Repealed
  2. 2Article 2 Repealed
  3. 3Article 3 Repealed
  4. Signature
  5. Annex Repealed
  6. Investment Entities: Applying the Consolidation Ex(Amendments to IFRS 10, IFRS 12 and IAS 28) Repealed
  7. Amendments toIFRS 10 Consolidated Financial Statements Repealed
  8. SCOPE Repealed
  9. 4An entity that is a parent shall present consolidated financial statements. This IFRS applies to all entities, except as follows: Repealed
  10. 4ADivision 4A Repealed
  11. 4BDivision 4B Repealed
  12. INVESTMENT ENTITIES: EXCEPTION TO CONSOLIDATION Repealed
  13. 31Division 31 Repealed
  14. 32Division 32 Repealed
  15. 33Division 33 Repealed
  16. DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITY Repealed
  17. B85ADivision B85A Repealed
  18. Business purpose Repealed
  19. B85BDivision B85B Repealed
  20. B85CDivision B85C Repealed
  21. B85DAn investment entity may also participate in the following investment-related activities, either directly or through a subsidiary, if these activities are undertaken to maximise the investment return (capital appreciation or investment income) from its investees and do not represent a separate substantial business activity or a separate substantial source of income to the investment entity: Repealed
  22. B85EDivision B85E Repealed
  23. EFFECTIVE DATE Repealed
  24. C1DDivision C1D Repealed
  25. TRANSITION Repealed
  26. C2ADivision C2A Repealed
  27. Amendments toIFRS 12 Disclosure of Interests in Other Entities Repealed
  28. SCOPE Repealed
  29. 6This IFRS does not apply to: Repealed
  30. EFFECTIVE DATE AND TRANSITION Repealed
  31. C1CDivision C1C Repealed
  32. Amendments toIAS 28 Investments in Associates and Joint Ventures Repealed
  33. Exemptions from applying the equity method Repealed
  34. 17An entity need not apply the equity method to its investment in an associate or a joint venture if the entity is a parent that is exempt from preparing consolidated financial statements by the scope exception in paragraph 4(a) of IFRS 10 or if all the following apply: Repealed
  35. Equity method procedures Repealed
  36. 26Division 26 Repealed
  37. 27Division 27 Repealed
  38. 35Division 35 Repealed
  39. 36Division 36 Repealed
  40. 36ADivision 36A Repealed
  41. EFFECTIVE DATE AND TRANSITION Repealed
  42. 45DDivision 45D Repealed

1F1

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2F1

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3F1

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Signature

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Investment Entities: Applying the Consolidation Ex(Amendments to IFRS 10, IFRS 12 and IAS 28)F1

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Amendments toIFRS 10 Consolidated Financial StatementsF1

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SCOPEF1

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4An entity that is a parent shall present consolidated financial statements. This IFRS applies to all entities, except as follows:F1

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4AF1

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4BF1

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INVESTMENT ENTITIES: EXCEPTION TO CONSOLIDATIONF1

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31F1

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32F1

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33F1

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DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITYF1

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B85AF1

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Business purposeF1

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B85BF1

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B85CF1

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B85DAn investment entity may also participate in the following investment-related activities, either directly or through a subsidiary, if these activities are undertaken to maximise the investment return (capital appreciation or investment income) from its investees and do not represent a separate substantial business activity or a separate substantial source of income to the investment entity:F1

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B85EF1

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EFFECTIVE DATEF1

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C1DF1

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TRANSITIONF1

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C2AF1

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Amendments toIFRS 12 Disclosure of Interests in Other EntitiesF1

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SCOPEF1

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6This IFRS does not apply to:F1

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EFFECTIVE DATE AND TRANSITIONF1

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C1CF1

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Amendments toIAS 28 Investments in Associates and Joint VenturesF1

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Exemptions from applying the equity methodF1

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17An entity need not apply the equity method to its investment in an associate or a joint venture if the entity is a parent that is exempt from preparing consolidated financial statements by the scope exception in paragraph 4(a) of IFRS 10 or if all the following apply:F1

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Equity method proceduresF1

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26F1

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27F1

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35F1

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36F1

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36AF1

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EFFECTIVE DATE AND TRANSITIONF1

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45DF1

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