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The Companies Act 1985 (Audit Exemption) (Amendment) Regulations 1996

S.I. 1996/3080 · Made 5 December 1996

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

COMPANIES

Made 5th December 1996

Laid before Parliament 10th December 1996

Coming into force 1st January 1997

The Secretary of State, in exercise of the powers conferred on him by section 257 of the Companies Act 1985f1 and of all other powers enabling him in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1985 c. 6; section 257 was substituted by section 20 of the Companies Act 1989 (c. 40).

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. Signature
  4. Explanatory note

1

These Regulations may be cited as the Companies Act 1985 (Audit Exemption) (Amendment) Regulations 1996 and shall come into force on 1st January 1997.

2

(1)

Section 249D of the Companies Act 1985 (definition of reporting accountant)f1 is amended as follows.

(2)

In subsection (3)—

(a)

omit “and” at the end of paragraph (d), and

(b)

after paragraph (e) insert—

“(f)

the Association of Accounting Technicians,

(g)

the Association of International Accountants, and

(h)

the Chartered Institute of Management Accountants.”

Signature

John M. Taylor

Parliamentary Under-Secretary of State for Corporate and Consumer Affairs,

Department of Trade and Industry

5th December 1996

Explanatory note

(This note is not part of the Regulations)

These Regulations further amend section 249D of the Companies Act 1985, as inserted by the Companies Act 1985 (Audit Exemption) Regulations 1994 (S.I. 1994/1935), by adding to the bodies listed in section 249D(3) the Association of Accounting Technicians, the Association of International Accountants and the Chartered Institute of Management Accountants.