Draft regulations on delegation of IFRS to UKEB published
Released 05 February 2021
The draft International Accounting Standards (Delegation of Functions) (EU Exit) Regulations 2021 have been laid before Parliament.
The Regulations will delegate certain functions relating to the adoption of IFRS from the Secretary of State to the UK Endorsement Board (UKEB). The delegation will be completed once the Regulations have been approved by Parliament.
Further information, including a link to the draft regulations can be found at https://www.frc.org.uk/news/february-2021/draft-statutory-instrument-on-the-delegation-of-fu.