The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 were made earlier this week and, in accordance with regulation 1(2), come into force on exit day*: see here or here (pdf). The accompanying explanatory memorandum is available here (pdf) and this explains that the Regulations set out a new framework for the endorsement and adoption of IFRS after the UK's departure from the EU.* - Exit day.
Exit day was originally set for tomorrow, 29 March, at 11.00pm: see section 20 ("Interpretation") (as enacted) of the European Union (Withdrawal) Act 2018. However, the European Union (Withdrawal) Act 2018 (Exit Day) (Amendment) Regulations 2019, made today, change this date to either 22 May 2019, 11.00 p.m., or 12 April 2019, 11.00 p.m. The Government has published a short document explaining this legislative process: see here (pdf). An explanatory memorandum has also been prepared for the Regulations: see here (pdf).
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