(1) Without prejudice to Part 28 of the Act of 2014, and subject to paragraph (2), the requirements in paragraphs (2)(d) and (e), (3)(a) and (b) and (4)(c) of Regulation 5 shall apply -

(a) for financial years commencing on or after 1 January 2024 -

(i) to issuers which are large undertakings within the meaning of Article 3(4) of the Accounting Directive exceeding on their balance sheet dates the average number of 500 employees during the financial year, and

(ii) to issuers which are parent undertakings of a large group within the meaning of Article 3(7) of the Accounting Directive exceeding on its balance sheet dates, on a consolidated basis, the average number of 500 employees during the financial year,

(b) for financial years commencing on or after 1 January 2025 -

(i) to issuers which are large undertakings within the meaning of Article 3(4) of the Accounting Directive other than those referred to in point (a)(i) of this Regulation, and

(ii) to issuers which are parent undertakings of a large group within the meaning of Article 3(7) of the Accounting Directive other than those referred to in point (a)(ii) of this subparagraph,

(c) for financial years commencing on or after 1 January 2026: