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Commission Regulation (EU) No 2020/1434 of 9 October 2020

The Commission Regulation (EU) No 2020/1434 of 9 October 2020, published in the Official Journal of the European Union L 331 on 12 October 2020, adopts Covid-19-Related Rent Concessions (Amendmentsto IFRS 16) in order to provide optional, temporary COVID-19 related operational relief for lessees benefitting from lease payments holidays.

Each company shall apply the amendments referred to in Article 1, at the latest, as from 1 June 2020 for financial years starting on or after 1 January 2020.

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