# Commission Regulation (EU) 2018/182 of 7 February 2018 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 Accounting Standard 28 and International Financial Reporting Standards 1 and 12 (Text with EEA relevance) (revoked) EU Regulation 2018/182 · adopted 7 February 2018 Commission Regulation (EU) 2018/182 of 7 February 2018 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 Accounting Standard 28 and International Financial Reporting Standards 1 and 12 (Text with EEA relevance) ## Introductory text Commission Regulation (EU) 2018/182 of 7 February 2018 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 Accounting Standard 28 and International Financial Reporting Standards 1 and 12 (Text with EEA relevance) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Annual Improvements to IFRS Standards 2014–2016 Cycle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amendments to IFRS 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IFRS 1 First-time Adoption of International Financial Reporting Standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39D [Deleted] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39F [Deleted] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39L IAS 19 Employee Benefits (as amended in June 2011) amended paragraph D1 and deleted paragraphs D10 and D11. An entity shall apply those amendments when it applies IAS 19 (as amended in June 2011). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39T Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012, amended paragraphs D16, D17 and Appendix C. An entity shall apply those amendments for annual periods beginning on or after 1 January 2014. Earlier application of Investment Entities is permitted. If an entity applies those amendments earlier it shall also apply all amendments included in Investment Entities at the same time. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39AA [Deleted] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39AD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## APPENDIX E Short-term exemptions from IFRSs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E4A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## E7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amendments to IFRS 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IFRS 12 Disclosure of Interests in Other Entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5A Except as described in paragraph B17, the requirements in this IFRS apply to an entity's interests listed in paragraph 5 that are classified (or included in a disposal group that is classified) as held for sale or discontinued operations in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SUMMARISED FINANCIAL INFORMATION FOR SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (PARAGRAPHS 12 AND 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## B17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE AND TRANSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## C1D Annual Improvements to IFRS Standards 2014–2016 Cycle, issued in December 2016, added paragraph 5A and amended paragraph B17. An entity shall apply those amendments retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2017. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amendments to IAS 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 28 Investments in Associates and Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Exemptions from applying the equity method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 When an investment in an associate or a joint venture is held by, or is held indirectly through, an entity that is a venture capital organisation, or a mutual fund, unit trust and similar entities including investment-linked insurance funds, the entity may elect to measure that investments at fair value through profit or loss in accordance with IFRS 9. An entity shall make this election separately for each associate or joint venture, at initial recognition of the associate or joint venture. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Equity method procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36A Notwithstanding the requirement in paragraph 36, if an entity that is not itself an investment entity has an interest in an associate or joint venture that is an investment entity, the entity may, when applying the equity method, elect to retain the fair value measurement applied by that investment entity associate or joint venture to the investment entity associate's or joint venture's interests in subsidiaries. This election is made separately for each investment entity associate or joint venture, at the later of the date on which (a) the investment entity associate or joint venture is initially recognised; (b) the associate or joint venture becomes an investment entity; and (c) the investment entity associate or joint venture first becomes a parent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE AND TRANSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2018/182 (the official version) Page: https://openlegislation.uk/eu-regulation-2018-182 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.