(1) This regulation applies where regulated market admission rules require a prospectus to include historical financial information for an issuer established in a country outside the United Kingdom.

(2) The historical financial information must be presented in accordance with one of the following accounting standards -

(a) UK-adopted international accounting standards;

(b) International Financial Reporting Standards adopted pursuant to Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards [OJ no. L243, 11.9.2002, p. 1.], as it applies in the European Union;

(c) International Financial Reporting Standards, but only if the notes to the audited financial statements that form part of the historical financial information contain an explicit and unreserved statement that the financial statements comply with International Financial Reporting Standards in accordance with IAS 1 Presentation of Financial Statements;

(d) Generally Accepted Accounting Principles of Japan;

(e) Generally Accepted Accounting Principles of the United States of America;

(f) Generally Accepted Accounting Principles of the People’s Republic of China;