Regulation 3 Application and transitional provision

These Regulations apply in relation to a financial year of F1a UK undertaking beginning on or after 1st January 2015 subject to paragraph (2).

These Regulations do not apply in relation to a financial year beginning before 1st January 2016 of F2a UK undertaking that is a subsidiary undertaking and whose parent undertaking is required to prepare consolidated group accounts in a member State other than the United Kingdom.