Explanatory note

These Regulations grant, to the Financial Reporting Council Limited and the Conduct Committee of that body, exemption from liability in damages in respect of certain activities that they carry out (or purport to carry out) for the purposes of, or in connection with, setting and monitoring the issue of, and compliance with, auditing standards for companies.

An impact assessment has not been produced for this instrument as it has no impact on business, charities, voluntary bodies or the public sector.

An explanatory memorandum is available alongside the instrument on www.legislation.gov.uk.