# 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

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)

## Introductory text

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)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 1 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 2 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 3 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Signature

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Amendments to IFRS 10 Consolidated Financial Statements

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## SCOPE

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 4A 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 4B 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## INVESTMENT ENTITIES: EXCEPTION TO CONSOLIDATION

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 31 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 32 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 33 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITY

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## B85A 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Business purpose

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## B85B 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## B85C 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## B85D An 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:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## B85E 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## EFFECTIVE DATE

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## C1D 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## TRANSITION

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## C2A 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Amendments to IFRS 12 Disclosure of Interests in Other Entities

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## SCOPE

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 6 This IFRS does not apply to:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## EFFECTIVE DATE AND TRANSITION

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## C1C 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Amendments to IAS 28 Investments in Associates and Joint Ventures

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Exemptions from applying the equity method

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 17 An 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:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## Equity method procedures

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 26 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 27 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 35 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 36 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 36A 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## EFFECTIVE DATE AND TRANSITION

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

## 45D 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/eur/2016/1703 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-1703
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.