Foreign currency translation and Regulation: Difference between pages

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''Foreign currency - financial reporting.''
1.  


The statement - or restatement - of a given number of units of one currency into another currency using an appropriate exchange rate.
The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation.
 
2. ''Law.''
A rule with legal force, designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency.
 
 
3. ''European Union (EU) law''.
 
An act of European Union (EU) law having direct effect in all member states.
 
EU Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone.
 
 
4. ''UK law - retained EU law - Brexit''.
 
The UK was formerly a member of the EU and EU Regulations were formerly directly applicable in UK law.  For example, the Capital Requirements Regulation (CRR).
 
Following the UK's departure from the EU, the UK now has its own "onshored" versions of these Regulations.  For example, the UK CRR.
 
Many of these onshored UK versions of EU Regulations began as exact duplicates of the EU Regulations at the time.
 
However, they have subsequently diverged, so take advice about them.
 
 
5.
 
More generally, any rule to control, direct or manage an activity, organisation or system.
 
A 'regulation' - in this broadest sense - may or may not have legal authority.




== See also ==
== See also ==
* [[Convert]]
 
* [[Cumulative exchange differences]]
* [[Australian Financial Regulation]]
* [[Currency]]
* [[Australian Prudential Regulation Authority]]
* [[Exchange difference]]
* [[Bank supervision]]
* [[Exchange rate]]
* [[Benchmarks Regulation]]
* [[Financial reporting]]
*[[Best practice]]
* [[Foreign exchange]]
* [[Blocking Regulation]]
* [[Foreign operation]]
* [[Boilerplate]]
* [[IAS 21]]
* [[Brexit]]
* [[Monetary items]]
 
* [[Recognition]]
 
* [[Translate]]
* [[Capacity]]
* [[Translation ]]
* [[Capital Requirements Regulation]]  (CRR)
* [[Translation risk]]
* [[Code]]
* [[Code of practice]]
*[[Competence]]
* [[Competition]]
* [[Competition law]]
*[[Compliance]]
* [[Compliance risk]]
* [[Contract]]
* [[Convention]]
* [[Court]]
 
 
* [[Decision]]
* [[Deregulation]]
* [[Developments in corporate and market regulation: implications for the treasurer]]
* [[Directive]]
* [[Edinburgh reforms]] (UK)
*[[Enforcement]]
*[[Ethics]]
* [[European Union ]]
* [[EU Taxonomy Regulation]]
 
 
* [[Financial Industry Regulatory Authority]]  (FINRA)
*[[Framework]]
* [[Free market]]
* [[General Data Protection Regulation]]  (GDPR)
*[[Good practice]]
*[[Governance]]
*[[Guidance]]
* [[Harmonisation]]
 
 
* [[Intensity]]
* [[Interchange Fee Regulation]]
* [[Investment Firms Regulation]]
* [[Jurisdiction]]
* [[Law]]
* [[Legislation]]
* [[Market Abuse Regulation]] (MAR)
* [[Markets in crypto-assets regulation]] 
* [[Markets in Financial Instruments Regulation]]  (MiFIR)
* [[Money Market Funds Regulation]]
* [[Mixed economy]]
* [[Onshore]]
 
 
* [[Payment Systems Regulator]]
* [[Pensions Regulator]]
* [[PRIIPs Regulation]] 
* [[Primary legislation]]
*[[Principle]]
* [[Private sector]]
* [[Prospectus Regulation]] 
* [[Prudential regulation ]] 
* [[Prudential Regulation Authority]]  (PRA)
* [[Prudential Regulation Committee]] 
 
 
* [[Rate regulation]]
* [[Rate regulator]]
*[[Red tape]]
* [[Regime]]
* [[Regtech]]
* [[Regulated market]]
* [[Regulation D]]
* [[Regulation Q]]
* [[Regulation S-K]]
* [[Regulator]]
* [[Regulatory]]
* [[Regulatory arbitrage]]
* [[Regulatory capital]]
* [[Regulatory deferral account]]
* [[Regulatory News Service]]
* [[Regulatory risk]]
*[[Regulatory standard]]
* [[Regulatory Technical Standard]]  (RTS)
*[[Reporting]]
* [[Reporting on Payment Practices and Performance Regulations]]
* [[Reputational risk]]
* [[Retained EU law]]  (REUL)
* [[Rule]]
* [[Rules]]
 
 
* [[Secondary legislation]]
* [[Securities Financing Transactions Regulation]] (SFTR)
* [[Securitisation Regulation]]
* [[Self-regulation]]
* [[Self-regulatory organisation]]  (SRO)
*[[Standard]]
*[[Standards]]
*[[Supervision]]
* [[Sustainable Finance Disclosure Regulation]] (SFDR)




== External link ==
* [[Tax]]
*[https://www.iasplus.com/en/standards/ias/ias21 IAS 21 - IAS Plus]
* [[Taxonomy Regulation]]
* [[Transparency]]
* [[UK CRR]]
* [[UK EMIR]]
* [[UK GDPR]]
* [[UK MAR]]
* [[UK MiFIR]]
* [[UK Prospectus Regulation]]
* [[UK Securities Financing Transactions Regulation]] (UK SFTR)


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 02:14, 26 April 2023

1.

The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation.


2. Law.

A rule with legal force, designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency.


3. European Union (EU) law.

An act of European Union (EU) law having direct effect in all member states.

EU Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone.


4. UK law - retained EU law - Brexit.

The UK was formerly a member of the EU and EU Regulations were formerly directly applicable in UK law. For example, the Capital Requirements Regulation (CRR).

Following the UK's departure from the EU, the UK now has its own "onshored" versions of these Regulations. For example, the UK CRR.

Many of these onshored UK versions of EU Regulations began as exact duplicates of the EU Regulations at the time.

However, they have subsequently diverged, so take advice about them.


5.

More generally, any rule to control, direct or manage an activity, organisation or system.

A 'regulation' - in this broadest sense - may or may not have legal authority.


See also