# The Companies Act 2006 (Amendment of Section 413) Regulations 2009, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend section 413(8) of the Companies Act 2006 (c.46) so that banking companies and the holding companies of credit institutions are only required to make aggregate disclosures of the amounts specified in section 413(5)(a) and (c) (correcting an incorrect cross-reference). This is in implementation of the Member State option in article 40(7) of Council Directive 86/635/EEC on the annual accounts and consolidated accounts of banks and other financial institutions (OJ L 372, 31.12.1986, page 1).
An Impact Assessment has not been produced for these Regulations because it is not expected that the amendment will cause any additional costs.

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Source: https://www.legislation.gov.uk/uksi/2009/3022/note (the official version)
Page: https://openlegislation.uk/companies-act-2006-amendment-of-section-413-regulations-2009/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.