The Commission Regulation (EU) No 2015/2173, published in the Official Journal of the European Union L 307 on 25 November 2015, adopts amendments to IFRS 11 Accounting for Acquisitions of Interests in Joint Operations.

The amendments provide new guidance on the accounting treatment of an acquisition of an interest in a joint operation in which the activity of the joint operation constitutes a business.

Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2016.