Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

Article 2 Definitions

For the purposes of this Regulation, the following definitions shall apply:

  1. (1)

    "core taxonomy" means the combined set of the taxonomy elements set out in Annex VI and the following collection of links:

    1. (a)

      presentation linkbase, which groups the taxonomy elements;

    2. (b)

      calculation linkbase, which expresses arithmetic relationships between taxonomy elements;

    3. (c)

      label linkbase, which describes the meaning of each taxonomy element;

    4. (d)

      definition linkbase, which reflects dimensional relationships of the core taxonomy elements;

  2. (2)

    "extension taxonomy" means the combined set of taxonomy elements and the following collection of links, both created by the issuer:

    1. (a)

      presentation linkbase, which groups the taxonomy elements;

    2. (b)

      calculation linkbase, which expresses arithmetic relationships between taxonomy elements;

    3. (c)

      label linkbase, which describes the meaning of each taxonomy element;

    4. (d)

      definition linkbase, which ensures dimensional validity of the resulting XBRL instance document against the extension taxonomy;

  3. (3)

    ‘IFRS consolidated financial statements’ means consolidated financial statements prepared in accordance with either UK-adopted international accounting standards, or IFRS adopted pursuant to Regulation (EC) No 1606/2002 as that Regulation applies in the European Union, or with IFRS as referred to in point (a) of the first subparagraph of Article 1 of Decision 2008/961/EC;

  4. (4)

    ‘UK-adopted international accounting standards’ means (in accordance with section 474(1) of the Companies Act 2006) international accounting standards which are adopted for use within the United Kingdom by virtue of Chapter 2 or 3 of Part 2 of the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019.