{
  "url": "https://openlegislation.uk/companies-bodies-concerned-with-auditing-standards-etc-exemption-from-liability-regulations-2016/regulation-2",
  "json_url": "https://openlegislation.uk/companies-bodies-concerned-with-auditing-standards-etc-exemption-from-liability-regulations-2016/regulation-2.json",
  "legislation": "uksi/2016/571",
  "legislation_title": "The Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/companies-bodies-concerned-with-auditing-standards-etc-exemption-from-liability-regulations-2016",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Exemption from liability",
  "text": "(1) The exemption from liability in subsections (3) and (4) of section 18A (power to confer exemption from liability) of the Act applies to—\n(a) the Financial Reporting Council Limited, ...\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nin accordance with paragraph (2) .\n(2) The section 16(2) activities 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 subsection 2(a) to (t) of section 16 (grants to bodies concerned with accounting standards etc) of the Act.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) In this regulation “the Act” means the Companies (Audit, Investigations and Community Enterprise) Act 2004.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "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)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "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)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "“Section 16(2) activities” is defined in section 18A(5) of the Companies (Audit, Investigations and Community Enterprise) Act 2004."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/571/regulation/2",
    "retrieved_at": "2026-10-28T23:23:34.825075+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}