OpenLegislation

Section 430 Quoted companies ...: annual accounts and reports to be made available on websiteF22C1C2C3

United Kingdom

(1)

A quoted company F1... must ensure that its annual accounts and reports—

(a)

are made available on a website, and

(b)

F2... remain so available until the annual accounts and reports for the company's next financial year are made available in accordance with this section.

(2)

The annual accounts and reports must be made available on a website that—

(a)

is maintained by or on behalf of the company, and

(b)

identifies the company in question.

F3(2A)

If the directors' remuneration policy of a quoted company F4... is revised in accordance with section 422A F5... the company must ensure that the revised F6... policy is made available on the website on which its annual accounts and reports are made available.

(2B)

If a person ceases to be a director of a quoted company F7..., the company must ensure that the following information is made available on the website on which its annual accounts and reports are made available—

(a)

the name of the person concerned,

(b)

particulars of any remuneration payment (within the meaning of Chapter 4A of Part 10) made or to be made to the person after ceasing to be a director, including its amount and how it was calculated, and

(c)

particulars of any payment for loss of office (within the meaning of that Chapter) made or to be made to the person, including its amount and how it was calculated.

F8(2C)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

Access to F9the material made available on the website under subsections (1) to F10(2B), and the ability to obtain a hard copy of F11such material from the website, must not be—

(a)

conditional on the payment of a fee, or

(b)

otherwise restricted, except so far as necessary to comply with any enactment or regulatory requirement (in the United Kingdom or elsewhere).

(4)

The annual accounts and reports—

(a)

must be made available as soon as reasonably practicable, and

(b)

F12... must be kept available throughout the period specified in subsection (1)(b).

F13(4ZA)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F14(4A)

Where subsection (2A) or (2B) applies, the material in question—

(a)

must be made available as soon as reasonably practicable, F15... F16and

(b)

must be kept available until the next directors' remuneration report of the company is made available on the website. F17...

(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

A failure to make F18material available on a website throughout the period mentioned in subsection (4) or (as the case may be) F19... (4A) is disregarded if—

(a)

F20the material is made available on the website for part of that period, and

(b)

the failure is wholly attributable to circumstances that it would not be reasonable to have expected the company to prevent or avoid.

(6)

In the event of default in complying with this section, an offence is committed by every officer of the company who is in default.

(7)

A person guilty of an offence under subsection (6) is liable on summary conviction to a fine not exceeding level 3 on the standard scale.

F21(8)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1

Words in s. 430(1) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(b)(i)

F2

Words in s. 430(1)(b) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(b)(ii)

F3

S. 430(2A)(2B) inserted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(6), 103(3); S.I. 2013/2227, art. 2(h)

F4

Words in s. 430(2A) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(c)(i)

F5

Words in s. 430(2A) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(c)(ii)

F6

Words in s. 430(2A) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(c)(iii)

F7

Words in s. 430(2B) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(d)

F8

S. 430(2C) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(e)

F9

Words in s. 430(3) substituted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(7)(a), 103(3); S.I. 2013/2227, art. 2(h)

F10

Word in s. 430(3) substituted (11.5.2025) by The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(f)

F11

Words in s. 430(3) substituted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(7)(b), 103(3); S.I. 2013/2227, art. 2(h)

F12

Words in s. 430(4)(b) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(g)

F13

S. 430(4ZA) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(h)

F14

S. 430(4A) inserted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(8), 103(3); S.I. 2013/2227, art. 2(h)

F15

Word in s. 430(4A)(a) omitted (10.6.2019) by virtue of The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 15(j)(i) (with reg. 2)

F16

Word in s. 430(4A)(a) inserted (11.5.2025) by The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(i)

F17

S. 430(4A)(c) and word omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(i)(ii)

F18

Words in s. 430(5) substituted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(9)(a), 103(3); S.I. 2013/2227, art. 2(h)

F19

Words in s. 430(5) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(j)

F20

Words in s. 430(5)(a) substituted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 81(9)(b), 103(3); S.I. 2013/2227, art. 2(h)

F21

S. 430(8) omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(k)

F22

Words in s. 430 heading omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(3)(a)

Modifications

C1

Ss. 430-433 applied (6.4.2008) by S.I. 2005/1788, reg. 29 (as substituted by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 3(1), Sch. 1 para. 242(4) (with arts. 6, 11, 12))

C2

Ss. 418-469 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 10 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C3

Ss. 430-438 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 10 (with transitional provisions and savings in regs. 7, 9, Sch. 2 (as amended (with application in accordance with reg. 1(3) of the amending S.I.) by The Unregistered Companies (Amendment) Regulations 2013 (S.I. 2013/1972), regs. 1(2), 2(2)(a))

Notes on Part 15

Modifications

C1

Pt. 15 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C2

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C3

Pt. 15 applied (with modifications) (6.4.2008) by The Bank Accounts Directive (Miscellaneous Banks) Regulations 2008 (S.I. 2008/567), reg. 4, Sch. para. 1 (with Sch. para. 11)

C4

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C5

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C6

Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2

Notes on Chapter 7

Modifications

C1

Pt. 15 Ch. 7 applied (with modifications) (31.7.2015) by The European Grouping of Territorial Cooperation Regulations 2015 (S.I. 2015/1493), regs. 1(2), 7(1) (with reg. 11)

Notes on Quoted companies ...: requirements as to website publication

Textual amendments

F1

Words in s. 430 cross-heading omitted (11.5.2025) by virtue of The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025 (S.I. 2025/439), regs. 1(2), 6(2)