(1) The documents to be delivered to the registrar of companies under section 7 or 18 of the 1986 Act or Regulation 39 of the 1992 Group Accounts Regulations or Regulation 20 of these Regulations, as the case may be, may have the money amounts referred to therein expressed in European currency units, in addition to their expression in the currency in which the documents concerned were drawn up.
(2) Where a company avails itself of the option in paragraph (1), the exchange rate used shall be that prevailing on the date of the balance sheet, and that rate shall be disclosed in a note to the accounts.
(3) In this Regulation, "European currency unit" has the meaning assigned to it by Regulation (EEC) No. 3180/78, [O.J. No. L379, 30-12-1978, p.1.] as amended by Regulation (EEC) No. 2626/84, [O.J. No. L247, 16-9-1984, p.1.] and by Regulation (EEC) No. 1971/89.6 [O.J. No. L189, 4-7-1989, p.1.].