(1) Where the directors of a holding company prepare IFRS group financial statements, they shall comply with all IFRS in that regard and -

(a) shall make an unreserved statement in the notes to those group financial statements that those financial statements have been prepared in accordance with international financial reporting standards, and

(b) shall ensure that those financial statements contain the additional information required by this Act, other than that  required by Schedules 3, 3A, 4 and 4A.

(2) For the avoidance of doubt, the requirement for group financial statements prepared in accordance with IFRS to present fairly the assets, liabilities, financial position, financial performance and cash flows is deemed to be equivalent to the true and fair view required by section 294(2).

(2A) IFRS group financial statements shall state the following:

(a) the name and legal form of the holding company;