Explanatory note

Regulation 2 of the regulations and the Schedule to them make amendments to the enactments mentioned in the Schedule which are consequential upon the provisions of Part II of the Companies Act 1989 (eligibility for appointment as company auditor) having effect in place of section 389 of the Companies Act 1985 (qualification for appointment as auditor). Section 389 of the Companies Act 1985 is repealed on 1st October 1991.

Regulation 3 of the regulations makes provision as to what the effect is when a partnership which is not a legal person is appointed under an enactment amended by the regulations and regulation 4 of the regulations contains a transitional provision concerning the position of persons holding an appointment when the regulations come into force.