The Commission has published amending regulations EC No. 494/2009 and EC No. 495/2009 which amend the Consolidation Regulation (EC) No. 1126/2008. This latter regulation incorporated into a single text international accounting standards contained in an earlier EU Regulation and was to simplify community legislation on accounting standards. The Regulations adopt in full the amendments to the international accounting standards (IAS) 27 together with consequential amendments to other IAS and international reporting standards issued by the IASB in January 2008. They also amend the Consolidation Regulation by adopting in full the revised IFRS 3 together with consequential amendments to other IFRS and IAS, issued by the IASB in January 2008.