{
  "url": "https://openlegislation.uk/eu-regulation-2020-34",
  "json_url": "https://openlegislation.uk/eu-regulation-2020-34.json",
  "id": "eur/2020/34",
  "title": "Commission Regulation (EU) 2020/34 of 15 January 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 Accounting Standard 39, International Financial Reporting Standards 7 and 9 (Text with EEA relevance) (revoked)",
  "short_title": "Regulation (EU) 2020/34 amending Regulation (EC) No 1126/2008 adopting certain international accounting…",
  "long_title": "Commission Regulation (EU) 2020/34 of 15 January 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 Accounting Standard 39, International Financial Reporting Standards 7 and 9 (Text with EEA relevance)",
  "citation": "EU Regulation 2020/34",
  "type": "eur",
  "year": "2020",
  "number": "34",
  "version": "current",
  "date": "2020-01-15",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/article-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/article-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/article-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "Interest Rate Benchmark Reform",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/division/1",
      "kind": "division",
      "number": null,
      "heading": "Amendments to IFRS 9, IAS 39 and IFRS 7",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex"
    },
    {
      "path": "annex/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "Amendments to IFRS 9 Financial Instruments",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1"
    },
    {
      "path": "annex/division/1/chapter/2",
      "kind": "division",
      "number": "Chapter 6 Hedge accounting",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/chapter-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1"
    },
    {
      "path": "annex/division/1/chapter/3",
      "kind": "division",
      "number": "Chapter 7 Effective date and transition",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/chapter-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1"
    },
    {
      "path": "annex/division/1/division/4",
      "kind": "division",
      "number": null,
      "heading": "Amendments to IAS 39 Financial Instruments: Recognition and Measurement",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1",
      "kind": "division",
      "number": null,
      "heading": "HEDGING",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "Temporary exceptions from applying specific hedge accounting requirements",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/102A",
      "kind": "division",
      "number": "102A",
      "heading": "An entity shall apply paragraphs 102D–102N and 108G to all hedging relationships directly affected by interest rate benchmark reform. These paragraphs apply only to such hedging relationships. A hedging relationship is directly affected by interest rate benchmark reform only if the reform gives rise to uncertainties about:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-102A",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/102B",
      "kind": "division",
      "number": "102B",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-102B",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/102C",
      "kind": "division",
      "number": "102C",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-102C",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/4",
      "kind": "division",
      "number": null,
      "heading": "Highly probable requirement for cash flow hedges",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/4/division/102D",
      "kind": "division",
      "number": "102D",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-4/division-102D",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/4"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/5",
      "kind": "division",
      "number": null,
      "heading": "Reclassifying the cumulative gain or loss recognised in other comprehensive income",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/5/division/102E",
      "kind": "division",
      "number": "102E",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-5/division-102E",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/5"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/6",
      "kind": "division",
      "number": null,
      "heading": "Effectiveness assessment",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/6/division/102F",
      "kind": "division",
      "number": "102F",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-6/division-102F",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/6"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/6/division/102G",
      "kind": "division",
      "number": "102G",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-6/division-102G",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/6"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/7",
      "kind": "division",
      "number": null,
      "heading": "Designating financial items as hedged items",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/7/division/102H",
      "kind": "division",
      "number": "102H",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-7/division-102H",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/7"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/7/division/102I",
      "kind": "division",
      "number": "102I",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-7/division-102I",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/7"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8",
      "kind": "division",
      "number": null,
      "heading": "End of application",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8/division/102J",
      "kind": "division",
      "number": "102J",
      "heading": "An entity shall prospectively cease applying paragraph 102D to a hedged item at the earlier of:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-8/division-102J",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/8"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8/division/102K",
      "kind": "division",
      "number": "102K",
      "heading": "An entity shall prospectively cease applying paragraph 102E at the earlier of:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-8/division-102K",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/8"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8/division/102L",
      "kind": "division",
      "number": "102L",
      "heading": "An entity shall prospectively cease applying paragraph 102F:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-8/division-102L",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/8"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8/division/102M",
      "kind": "division",
      "number": "102M",
      "heading": "An entity shall prospectively cease applying paragraph 102G to a hedging relationship at the earlier of:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-8/division-102M",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/8"
    },
    {
      "path": "annex/division/1/division/4/division/1/division/1/division/8/division/102N",
      "kind": "division",
      "number": "102N",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-1/division-1/division-8/division-102N",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/1/division/1/division/8"
    },
    {
      "path": "annex/division/1/division/4/division/2",
      "kind": "division",
      "number": null,
      "heading": "EFFECTIVE DATE AND TRANSITION",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4"
    },
    {
      "path": "annex/division/1/division/4/division/2/division/108G",
      "kind": "division",
      "number": "108G",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-4/division-2/division-108G",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/4/division/2"
    },
    {
      "path": "annex/division/1/division/5",
      "kind": "division",
      "number": null,
      "heading": "Amendments to IFRS 7 Financial Instruments: Disclosures",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1"
    },
    {
      "path": "annex/division/1/division/5/division/1",
      "kind": "division",
      "number": null,
      "heading": "HEDGE ACCOUNTING",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-5/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/5"
    },
    {
      "path": "annex/division/1/division/5/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "Uncertainty arising from interest rate benchmark reform",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/5/division/1"
    },
    {
      "path": "annex/division/1/division/5/division/1/division/1/division/24H",
      "kind": "division",
      "number": "24H",
      "heading": "For hedging relationships to which an entity applies the exceptions set out in paragraphs 6.8.4–6.8.12 of IFRS 9 or paragraphs 102D–102N of IAS 39, an entity shall disclose:",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-5/division-1/division-1/division-24H",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/5/division/1/division/1"
    },
    {
      "path": "annex/division/1/division/5/division/2",
      "kind": "division",
      "number": null,
      "heading": "EFFECTIVE DATE AND TRANSITION",
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-5/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/5"
    },
    {
      "path": "annex/division/1/division/5/division/2/division/44DE",
      "kind": "division",
      "number": "44DE",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2020-34/annex/division-1/division-5/division-2/division-44DE",
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      "status": "repealed",
      "parent": "annex/division/1/division/5/division/2"
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      "path": "annex/division/1/division/5/division/2/division/44DF",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/division/1/division/5/division/2"
    }
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