On 3 December 2013, the Danish Parliament adopted the act modifying the Danish Financial Statements Act and other acts allowing Danish companies subject to the Danish Financial Statements Act to present their annual reports in English only. The provisions are effective as of 1 January 2014 for annual reports adopted at a general meeting held after 1 January 2014. This includes annual reports for the calendar year 2013 — but it is also applies to annual reports for financial years ending on 31 August 2013 or later — provided that the general meeting is held after 1 January 2014 and the decision to prepare the annual report in English is made at the general meeting before considering whether or not to adopt the report.