# The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019, Regulation 67: Commission Regulation (EC) No 1569/2007

Extent: E+W+S+N.I.

(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.
(2) In Article 1 (subject matter)—
(a) after “considered” insert “ for the specified purposes as ”;
(b) for the words from “International” to “IFRS)” substitute “ UK-adopted international accounting standards ”;
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In Article 2 (equivalence)—
(a) after “considered” insert “ for the specified purposes as ”;
(b) for the words from “IFRS adopted” to “No 1606/2002” substitute “ UK-adopted international accounting standards ”;
(c) for “in accordance with IFRS” substitute “ in accordance with UK-adopted international accounting standards ”.
(4) In Article 3 (equivalence mechanism)—
(a) in the first paragraph—
(i) for “Commission” substitute “ Treasury ”;
(ii) for “competent authority of a Member State” substitute “ Financial Conduct Authority ”;
(b) for the second paragraph substitute—
“Before making a determination of equivalence, the Treasury must consult the Secretary of State.
A determination of equivalence is to be made by the Treasury by regulations made by statutory instrument.”.
(5) After Article 3 insert—
“Article 3A
Treasury regulations under Article 3
1 Regulations made by the Treasury under Article 3 may—
(a) contain incidental, supplemental, consequential and transitional provision,
(b) make different provision for different purposes, and
(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.
2 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.”.
(6) Omit Article 4 (conditions for the acceptance of third country accounting standards for a period ending no later than 31 March 2016).
(7) Omit Article 5 (entry into force and application).

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Source: https://www.legislation.gov.uk/uksi/2019/707/regulation/67 (the official version)
Page: https://openlegislation.uk/official-listing-of-securities-prospectus-and-transparency-amendment-etc-eu-exit-regulations-2019/regulation-67
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.