{
  "url": "https://openlegislation.uk/official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019/regulation-67",
  "json_url": "https://openlegislation.uk/official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019/regulation-67.json",
  "legislation": "uksi/2019/707",
  "legislation_title": "The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019",
  "path": "regulation/67",
  "kind": "regulation",
  "number": "67",
  "heading": "Commission Regulation (EC) No 1569/2007",
  "text": "(1) Commission Regulation (EC) No 1569/2007 of 21 December 2007 establishing a mechanism for the determination of equivalence of accounting standards applied by third country issuers of securities pursuant to Directives 2003/71/EC and 2004/109/EC of the European Parliament and of the Council is amended as follows.\n(2) In Article 1 (subject matter)—\n(a) after “considered” insert “ for the specified purposes as ”;\n(b) for the words from “International” to “IFRS)” substitute “ UK-adopted international accounting standards ”;\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) In Article 2 (equivalence)—\n(a) after “considered” insert “ for the specified purposes as ”;\n(b) for the words from “IFRS adopted” to “No 1606/2002” substitute “ UK-adopted international accounting standards ”;\n(c) for “in accordance with IFRS” substitute “ in accordance with UK-adopted international accounting standards ”.\n(4) In Article 3 (equivalence mechanism)—\n(a) in the first paragraph—\n(i) for “Commission” substitute “ Treasury ”;\n(ii) for “competent authority of a Member State” substitute “ Financial Conduct Authority ”;\n(b) for the second paragraph substitute—\n“Before making a determination of equivalence, the Treasury must consult the Secretary of State.\nA determination of equivalence is to be made by the Treasury by regulations made by statutory instrument.”.\n(5) After Article 3 insert—\n“Article 3A\nTreasury regulations under Article 3\n1 Regulations made by the Treasury under Article 3 may—\n(a) contain incidental, supplemental, consequential and transitional provision,\n(b) make different provision for different purposes, and\n(c) amend or revoke Commission Decision (EC) No 2008/961 on the use by third countries' issuers of securities of certain third country's national accounting standards and International Financial Reporting Standards to prepare their consolidated financial statements.\n2 A statutory instrument containing regulations made by the Treasury under Article 3 is subject to annulment in pursuance of a resolution of either House of Parliament.”.\n(6) Omit Article 4 (conditions for the acceptance of third country accounting standards for a period ending no later than 31 March 2016).\n(7) Omit Article 5 (entry into force and application).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 67(2)(c) omitted (6.9.2019) by virtue of The Prospectus (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1234), regs. 1(2), 22 (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1234, reg. 29(2)))"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 67 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/707/regulation/67",
    "retrieved_at": "2026-10-28T22:42:55.479468+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}