
COMMISSION REGULATION (EU) 2020/551 of 21 April 2020 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard 3 (Text with EEA relevance) (revoked) 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Article 1 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 2 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 3 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ANNEX
Definition of a Business
Amendments to IFRS 3Amendments to IFRS 3 Business Combinations 

Paragraph 3, the definition of the term ‘business’ in Appendix A and paragraphs B7–B9, B11 and B12 are amended. Paragraphs 64P, B7A–B7C, B8A and B12A–B12D, and headings above paragraphs B7A, B8 and B12, are added. Paragraph B10 is deleted.
IDENTIFYING A BUSINESS COMBINATION 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
EFFECTIVE DATE AND TRANSITION 
Effective date 



Appendix ADefined terms 


DEFINITION OF A BUSINESS (APPLICATION OF PARAGRAPH 3) 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Optional test to identify concentration of fair value 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Elements of a business 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assessing whether an acquired process is substantive 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
