# Commission Regulation (EU) 2020/1434 of 9 October 2020 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 16 (Text with EEA relevance) (revoked)

EU Regulation 2020/1434 · adopted 9 October 2020

Commission Regulation (EU) 2020/1434 of 9 October 2020 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 16 (Text with EEA relevance)

PDFs: Printed copy https://openlegislation.uk/eu-regulation-2020-1434/pdf/eur_20201434_adopted_en.pdf

## Introductory text

Commission Regulation (EU) 2020/1434
of 9 October 2020
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 16
(Text with EEA relevance) (revoked)
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## 1 

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## 3 

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## Signature

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## Annex: Covid-19-Related Rent Concessions

## Amendment to IFRS 16Leases

Paragraphs 46A, 46B, 60A, C1A, C20A and C20B are added. A new heading is added before C20A. For ease of reading these paragraphs have not been underlined.

### Division: LESSEE

### Division: Measurement

### Division: Subsequent measurement

### Division: Lease modifications

## 46A 

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## 46B The practical expedient in paragraph 46A applies only to rent concessions occurring as a direct consequence of the covid-19 pandemic and only if all of the following conditions are met:

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### Division: Disclosure

## 60A If a lessee applies the practical expedient in paragraph 46A, the lessee shall disclose:

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### Division Appendix C: Effective date and transition

### Division: EFFECTIVE DATE

## C1A 

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### Division: TRANSITION

### Division: Covid-19-related rent concessions for lessees

## C20A 

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## C20B 

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Source: https://www.legislation.gov.uk/eur/2020/1434 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-1434
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.