Commission Regulation (EC) No 2106/2005 of 21 December 2005

The Commission Regulation (EC) No 2106/2005 of 21 December 2005, published in the Official Journal of the European Union L337 on 22 December 2005, amends the IAS 39 allowing entities in particular to designate, in certain circumstances, a forecast intragroup transaction denominated in a foreign currency as the hedged item in consolidated financial statements.
The amendments to IAS 39 shall be applied as from the commencement date of 2006 financial year at the latest.