(1) These Regulations may be cited as the Capital Requirements (Country-by-Country Reporting) Regulations 2013 and come into force on 1st January 2014.

(2) In these Regulations -

"the 2000 Act" means the Financial Services and Markets Act 2000 [2000 c.8.];

"accepted accounting standards" means "international accounting standards" as defined in Article 2 of Regulation (EC) No 1606/2002 of the European Parliament and the Council of 19 July 2002 on the application of international accounting standards [OJ no L243, 11/9/2002, p.1. (e) 2010 c.4.] or "generally accepted accounting practice" as defined in section 1127 of the Corporation Tax Act 2010 [2009 c.4.];

"branch" has the same meaning as in Article 4(1)(17) of the capital requirements regulation;

"corporation tax " means the tax charged on profits by section 2(1) of the Corporation Tax Act 2009 [2009 c.4. ] and any similar tax charged on profits in any jurisdiction outside the United Kingdom;