EU adopts amendments to IAS 39, IFRS 1, and SIC 12
29 Oct 2005
The European Union has approved (PDF 55k) amending the accounting regulation to formally adopt, for use in Europe starting 1 January 2005, recent IASB Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, Amendments to IAS 39 Financial Instruments: Recognition and Measurement - Transition and Initial Recognition of Financial Assets and Financial Liabilities, and Amendments to SIC 12 Consolidation - Special purpose entities. .