Companies Act 2014
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Modification of definition of “IAS Regulation” in the case of PLCs | ||
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1116. The definition of “IAS Regulation” in section 274 (1) shall apply in the case of PLC as if “and a reference to Article 4 of that Regulation is, where the financial statements concerned are entity financial statements or the company concerned is not a traded company (within the meaning of section 1372 ), a reference to Article 5 of that Regulation” were substituted for “and a reference to Article 4 of that Regulation is, in the case of a private company limited by shares, a reference to Article 5 of that Regulation”. |