# Commission Regulation (EU) 2016/1905 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 Standard 15 (Text with EEA relevance) (revoked) EU Regulation 2016/1905 · adopted 22 September 2016 Commission Regulation (EU) 2016/1905 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 Standard 15 (Text with EEA relevance) ## Introductory text Commission Regulation (EU) 2016/1905 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 Standard 15 (Text with EEA relevance) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## International Financial Reporting Standard 15 Revenue from Contracts with Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## International Financial Reporting Standard 15 Revenue from Contracts with Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## OBJECTIVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Meeting the objective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 An entity shall apply this Standard to all contracts with customers, except the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 A contract with a customer may be partially within the scope of this Standard and partially within the scope of other Standards listed in paragraph 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## RECOGNITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Identifying the contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 An entity shall account for a contract with a customer that is within the scope of this Standard only when all of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 For the purpose of applying this Standard, a contract does not exist if each party to the contract has the unilateral enforceable right to terminate a wholly unperformed contract without compensating the other party (or parties). A contract is wholly unperformed if both of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 When a contract with a customer does not meet the criteria in paragraph 9 and an entity receives consideration from the customer, the entity shall recognise the consideration received as revenue only when either of the following events has occurred: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Combination of contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 An entity shall combine two or more contracts entered into at or near the same time with the same customer (or related parties of the customer) and account for the contracts as a single contract if one or more of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Contract modifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 An entity shall account for a contract modification as a separate contract if both of the following conditions are present: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 If a contract modification is not accounted for as a separate contract in accordance with paragraph 20, an entity shall account for the promised goods or services not yet transferred at the date of the contract modification (ie the remaining promised goods or services) in whichever of the following ways is applicable: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Identifying performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 At contract inception, an entity shall assess the goods or services promised in a contract with a customer and shall identify as a performance obligation each promise to transfer to the customer either: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 A series of distinct goods or services has the same pattern of transfer to the customer if both of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Promises in contracts with customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Distinct goods or services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Depending on the contract, promised goods or services may include, but are not limited to, the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 A good or service that is promised to a customer is distinct if both of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Factors that indicate that an entity's promise to transfer a good or service to a customer is separately identifiable (in accordance with paragraph 27(b)) include, but are not limited to, the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Satisfaction of performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Goods and services are assets, even if only momentarily, when they are received and used (as in the case of many services). Control of an asset refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset. Control includes the ability to prevent other entities from directing the use of, and obtaining the benefits from, an asset. The benefits of an asset are the potential cash flows (inflows or savings in outflows) that can be obtained directly or indirectly in many ways, such as by: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Performance obligations satisfied over time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 An entity transfers control of a good or service over time and, therefore, satisfies a performance obligation and recognises revenue over time, if one of the following criteria is met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Performance obligations satisfied at a point in time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 If a performance obligation is not satisfied over time in accordance with paragraphs 35–37, an entity satisfies the performance obligation at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity shall consider the requirements for control in paragraphs 31–34. In addition, an entity shall consider indicators of the transfer of control, which include, but are not limited to, the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Measuring progress towards complete satisfaction of a performance obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Methods for measuring progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Reasonable measures of progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## MEASUREMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Determining the transaction price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 The nature, timing and amount of consideration promised by a customer affect the estimate of the transaction price. When determining the transaction price, an entity shall consider the effects of all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Variable consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 The variability relating to the consideration promised by a customer may be explicitly stated in the contract. In addition to the terms of the contract, the promised consideration is variable if either of the following circumstances exists: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 An entity shall estimate an amount of variable consideration by using either of the following methods, depending on which method the entity expects to better predict the amount of consideration to which it will be entitled: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Refund liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Constraining estimates of variable consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 In assessing whether it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur once the uncertainty related to the variable consideration is subsequently resolved, an entity shall consider both the likelihood and the magnitude of the revenue reversal. Factors that could increase the likelihood or the magnitude of a revenue reversal include, but are not limited to, any of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Reassessment of variable consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## The existence of a significant financing component in the contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 The objective when adjusting the promised amount of consideration for a significant financing component is for an entity to recognise revenue at an amount that reflects the price that a customer would have paid for the promised goods or services if the customer had paid cash for those goods or services when (or as) they transfer to the customer (ie the cash selling price). An entity shall consider all relevant facts and circumstances in assessing whether a contract contains a financing component and whether that financing component is significant to the contract, including both of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Notwithstanding the assessment in paragraph 61, a contract with a customer would not have a significant financing component if any of the following factors exist: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Non-cash consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Consideration payable to a customer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 Accordingly, if consideration payable to a customer is accounted for as a reduction of the transaction price, an entity shall recognise the reduction of revenue when (or as) the later of either of the following events occurs: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Allocating the transaction price to performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Allocation based on stand-alone selling prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 Suitable methods for estimating the stand-alone selling price of a good or service include, but are not limited to, the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Allocation of a discount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 82 An entity shall allocate a discount entirely to one or more, but not all, performance obligations in the contract if all of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Allocation of variable consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 84 Variable consideration that is promised in a contract may be attributable to the entire contract or to a specific part of the contract, such as either of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 85 An entity shall allocate a variable amount (and subsequent changes to that amount) entirely to a performance obligation or to a distinct good or service that forms part of a single performance obligation in accordance with paragraph 22(b) if both of the following criteria are met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Changes in the transaction price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 88 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 89 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 90 An entity shall account for a change in the transaction price that arises as a result of a contract modification in accordance with paragraphs 18–21. However, for a change in the transaction price that occurs after a contract modification, an entity shall apply paragraphs 87–89 to allocate the change in the transaction price in whichever of the following ways is applicable: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## CONTRACT COSTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Incremental costs of obtaining a contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 91 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Costs to fulfil a contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 95 If the costs incurred in fulfilling a contract with a customer are not within the scope of another Standard (for example, IAS 2 Inventories, IAS 16 Property, Plant and Equipment or IAS 38 Intangible Assets), an entity shall recognise an asset from the costs incurred to fulfil a contract only if those costs meet all of the following criteria: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 97 Costs that relate directly to a contract (or a specific anticipated contract) include any of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 98 An entity shall recognise the following costs as expenses when incurred: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amortisation and impairment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 101 An entity shall recognise an impairment loss in profit or loss to the extent that the carrying amount of an asset recognised in accordance with paragraph 91 or 95 exceeds: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 102 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 103 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 104 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## PRESENTATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 105 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 106 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 107 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 108 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 109 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## DISCLOSURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 110 The objective of the disclosure requirements is for an entity to disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. To achieve that objective, an entity shall disclose qualitative and quantitative information about all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 112 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Contracts with customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 113 An entity shall disclose all of the following amounts for the reporting period unless those amounts are presented separately in the statement of comprehensive income in accordance with other Standards: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Disaggregation of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 114 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 115 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Contract balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 116 An entity shall disclose all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 117 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 118 An entity shall provide an explanation of the significant changes in the contract asset and the contract liability balances during the reporting period. The explanation shall include qualitative and quantitative information. Examples of changes in the entity's balances of contract assets and contract liabilities include any of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 119 An entity shall disclose information about its performance obligations in contracts with customers, including a description of all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Transaction price allocated to the remaining performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 120 An entity shall disclose the following information about its remaining performance obligations: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 121 As a practical expedient, an entity need not disclose the information in paragraph 120 for a performance obligation if either of the following conditions is met: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 122 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Significant judgements in the application of this Standard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 123 An entity shall disclose the judgements, and changes in the judgements, made in applying this Standard that significantly affect the determination of the amount and timing of revenue from contracts with customers. In particular, an entity shall explain the judgements, and changes in the judgements, used in determining both of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Determining the timing of satisfaction of performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 124 For performance obligations that an entity satisfies over time, an entity shall disclose both of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 125 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Determining the transaction price and the amounts allocated to performance obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 126 An entity shall disclose information about the methods, inputs and assumptions used for all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Assets recognised from the costs to obtain or fulfil a contract with a customer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 127 An entity shall describe both of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 128 An entity shall disclose all of the following: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Practical expedients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 129 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Appendix A Defined terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2016/1905 (the official version) Page: https://openlegislation.uk/eu-regulation-2016-1905 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.