Regulation 2 Exemption from liability

United Kingdom

(1)

The exemption from liability in subsections (3) and (4) of section 18A (power to confer exemption from liability) of the Act applies to—

(a)

the Financial Reporting Council Limited, F1...

(b)

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

in accordance with F2paragraph (2) .

(2)

The section 16(2) activities M1 which are specified under section 18A(3) of the Act in relation to the exemption from liability provided for under paragraph (1)(a) are the activities within F3subsection 2(a) to (t) of section 16 (grants to bodies concerned with accounting standards etc) of the Act.

F4(3)

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

(4)

In this regulation “the Act” means the Companies (Audit, Investigations and Community Enterprise) Act 2004.

Annotations

Textual amendments

F1: Reg. 2(1)(b) and word omitted (6.5.2021) by virtue of The Supervision of Accounts and Reports (Prescribed Body) and Companies (Defective Accounts and Reports) (Authorised Person) Order 2021 (S.I. 2021/465), arts. 1(2), 8(a)(i) (with art. 9)
F2: Words in reg. 2(1) substituted (6.5.2021) by The Supervision of Accounts and Reports (Prescribed Body) and Companies (Defective Accounts and Reports) (Authorised Person) Order 2021 (S.I. 2021/465), arts. 1(2), 8(a)(ii) (with art. 9)
F3: Words in reg. 2(2) substituted (6.5.2021) by The Supervision of Accounts and Reports (Prescribed Body) and Companies (Defective Accounts and Reports) (Authorised Person) Order 2021 (S.I. 2021/465), arts. 1(2), 8(b) (with art. 9)
F4: Reg. 2(3) omitted (6.5.2021) by virtue of The Supervision of Accounts and Reports (Prescribed Body) and Companies (Defective Accounts and Reports) (Authorised Person) Order 2021 (S.I. 2021/465), arts. 1(2), 8(c) (with art. 9)

Marginal citations

M1: “Section 16(2) activities” is defined in section 18A(5) of the Companies (Audit, Investigations and Community Enterprise) Act 2004.