The European Union has published the Commission Regulation (EC) No 313/2013 of 4 April 2013 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in the Official Journal on 5 April 2013. This regulation adopts the amendments made by the IASB in June 2012 that were intended help to alleviate concerns that the transitional requirements of IFRS 10 Consolidated Financial Statements were more burdensome than had been intended.

The amendments have been given a European effective date of 1 January 2014 but can be applied earlier, so companies can decide to apply at the IASB effective date (1 January 2013). This is in line with the strategy chosen when adopting the standards themselves in December 2012.

Apart from IFRS 9 (endorsement postponed), there is currently only one IASB pronouncement awaiting endorsement in the European Union: Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27). Endorsement of that pronouncement is currently expected in the third quarter of 2013.