Companies (Accounting) Act 2017

PART 4

Miscellaneous

Amendment of Transparency (Directive 2004/109/EC) Regulations 2007

99. The Transparency (Directive 2004/109/EC) Regulations 2007 (S.I. No. 277 of 2007) are amended—

(a) in Regulation 2—

(i) by the deletion of the definition of “Act of 2006”,

(ii) in the definition of “supplemental Directive” by the substitution of “section 1379 of the Act of 2014” for “the Act of 2006”,

(iii) in the definition of “transparency (regulated markets) law” by the substitution of “ section 1379 of the Companies Act 2014 ” for “the Act of 2006”,

(iv) in the definition of “treasury shares” by the substitution of “Act of 2014” for “Companies Acts”, and

(v) by the insertion of the following definitions:

“ ‘Accounting Directive’ means Directive 2013/34/EU of the European Parliament and of the Council of 26 June 20137 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC;

‘Act of 2014’ means the Companies Act 2014 (No. 38 of 2014);”,

(b) in paragraph (a) of Regulation 4(4), by the substitution of “Accounting Directive” for “Seventh Council Directive 83/349/EEC of 13 June 1983”, and

(c) in Regulation 5—

(i) in paragraph (2)(a), by the substitution of “Article 34 and, where relevant, Article 20 of the Accounting Directive” for “Article 37 of the Seventh Council Directive 83/349/EEC of 13 June 1983 (the most recent measure adopted by the State for its implementation being the European Communities (Financial Reporting Standards and Miscellaneous Amendments) Regulations 2005 ( S.I. No. 116 of 2005 ))”,

(ii) in paragraph (2)(b), by the substitution of “Article 34, and where relevant, Article 20 of the Accounting Directive” for “Articles 51 and 51a of the Fourth Council Directive 78/660/EEC of 25 July 1978 (the most recent measure adopted by the State for their implementation being the regulations referred to in subparagraph (a))”,

(iii) in paragraph (3)(a), by the substitution of “Article 29 of the Accounting Directive” for “Article 36 of the Seventh Council Directive 83/349/EEC of 13 June 1983 (the most recent measure adopted by the State for its implementation being the regulations referred to in paragraph (2)(a))”, and

(iv) in paragraph (3)(b), by the substitution of “Article 19, and where relevant, Article 20 of the Accounting Directive” for “Article 46 of the Fourth Council Directive 78/660/EEC of 25 July 1978 (the most recent measure adopted by the State for its implementation being the regulations referred to in paragraph (2)(a))”.

7 OJ No. L182, 29.6.2013, p.19.