Section 269BE — Corporation Tax Act 2010: Powers to amend

Powers to amend 269BE 1 The Treasury may by regulations make such amendments of this Part as they consider appropriate in consequence of—

a any change made to, or replacement of, the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ( S.I. 2001/544) (or any replacement);

b any change made to, or replacement of, the FCA Handbook or the PRA Rulebook (or any replacement);

c any change in international accounting standards or US GAAP ;

d any regulatory requirement, or change to any regulatory requirement, imposed by EU legislation, or by or under any Act (whenever adopted, enacted or made). 1A The Treasury may by regulations—

a amend sections 269B to 269BD;

b amend other provisions of this Part in consequence of provision made under paragraph (a). 1B Regulations under this section may include transitional provision. 1C Regulations under this section made on or before 30 June 2022 may have retrospective effect in relation to any accounting period ending on or after 1 January 2022. 1D A statutory instrument containing (whether alone or with other provision) regulations under subsection (1A) may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.

2 In this section— “the FCA Handbook” and “the PRA Rulebook ” have the meaning given by section 269BC(11); “ US GAAP ” has the meaning given by section 269BD(4).