# Commission Regulation (EU) 2020/551 of 21 April 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 3 (Text with EEA relevance) (revoked)

EU Regulation 2020/551 · adopted 21 April 2020

Commission Regulation (EU) 2020/551 of 21 April 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 3 (Text with EEA relevance)

PDFs: Printed copy https://openlegislation.uk/eu-regulation-2020-551/pdf/eur_20200551_adopted_en.pdf

## Introductory text

Commission Regulation (EU) 2020/551
of 21 April 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 3
(Text with EEA relevance) (revoked)
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## 1 

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## 2 

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## 3 

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## Signature

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## Annex: Definition of a Business

## Amendments to IFRS 3 Business Combinations

Paragraph 3, the definition of the term ‘business’ in Appendix A and paragraphs B7–B9, B11 and B12 are amended. Paragraphs 64P, B7A–B7C, B8A and B12A–B12D, and headings above paragraphs B7A, B8 and B12, are added. Paragraph B10 is deleted.

## IDENTIFYING A BUSINESS COMBINATION

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### Division: EFFECTIVE DATE AND TRANSITION

## Effective date



## Defined terms



## DEFINITION OF A BUSINESS (APPLICATION OF PARAGRAPH 3)

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## Optional test to identify concentration of fair value

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## Elements of a business

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## Assessing whether an acquired process is substantive

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Source: https://www.legislation.gov.uk/eur/2020/551 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-551
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.