Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 27 May (HL402), whether the Secretary of State or the UK Endorsement Board have been endorsing International Accounting Standards as set out in Regulation 7 of The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 only, and without reference to section 403(1) of the Companies Act 2006.
As set out in the answer I gave the noble Baroness on 27 May 2022 to Question HL402, both the Secretary of State and, following the delegation of statutory functions, the UK Endorsement Board have adopted international accounting standards in accordance with the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019.