The Accounting Standards (Prescribed Body) Regulations 2008

• Citation: S.I. 2008/651
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Accounting Standards (Prescribed Body) Regulations 2008 and come into force on 6th April 2008.

Section 2 Prescribed body

The body known as the Accounting Standards Board established under the articles of association of The Financial Reporting Council Limited is hereby prescribed for the purposes of section 464 of the Companies Act 2006.

Section 3 Revocation

The Accounting Standards (Prescribed Body) Regulations (Northern Ireland) 1990 and the Accounting Standards (Prescribed Body) Regulations 2005 are hereby revoked.

Section 4 Transitional Provision

Statements of standard accounting practice which immediately before 6th April 2008 have been issued and not withdrawn by the former body known as the Accounting Standards Board for the purposes of section 256 of the Companies Act 1985 or Article 264 of the Companies (Northern Ireland) Order 1986 shall be treated on and after that date as statements of standard accounting practice issued by the Accounting Standards Board for the purposes of section 464 of the Companies Act 2006.