Commission Regulation (EC) No 460/2009 of 4 June 2009

The Commission Regulation (EC) No 460/2009 of 4 June 2009, published in the Official Journal of the European Union L139 on 5 June 2009, adopts IFRIC Interpretation 16 Hedges of a Net Investment in a Foreign Operation.
IFRIC 16 provides clarification on how to apply the requirements of IAS 21 and IAS 39 in cases when an entity hedges the foreign currency risk arising from its net investments in foreign operations.
It shall be applied, at the latest, as from the commencement date of its first financial year starting after 30 June 2009.