Regulation 12

(1)

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008^f1 are amended as follows.

(2)

In regulation 11 (directors’ remuneration report (quoted companies and traded companies)^f2—

(a)

in the heading, omit “and traded companies”;

(b)

in paragraph (1), omit “or unquoted traded company”.

(3)

In Schedule 8 (quoted companies and traded companies: director’s remuneration report)^f3—

(a)

in the heading^f4, omit “and traded companies”;

(b)

in paragraph 2^f5—

(i)

omit sub-paragraph (2A);

(ii)

in sub-paragraph (8), paragraph (a), omit “or, where such a function exists in the company, the company’s deputy chief executive officer (however described)”;

(c)

in paragraph 5(1)^f6, omit the columns of the table headed “Total Fixed Remuneration” and “Total Variable Remuneration”;

(d)

omit paragraphs 7(1)(g) and (h)^f7;

(e)

in paragraph 14(1)(b)(v)^f8, omit “and any change in the exercise price or date”;

(f)

in paragraph 18(1)(a)(i)^f9, omit “or “unquoted traded company””;

(g)

omit paragraph 19^f10;

(h)

in paragraph 21(3)^f11, omit “and any deviations from the procedure for the implementation of the remuneration policy set out in the policy”;

(i)

in paragraph 24, omit sub-paragraph (1A)^f12;

(j)

in paragraph 26^f13—

(i)

in sub-paragraph (b), omit “and information on any deferral periods”;

(ii)

omit sub-paragraph (ba);

(k)

omit paragraph 30A^f14;

(l)

in paragraph 42^f15, omit “, and a description and explanation of all significant revisions”;

(m)

in paragraph 44(1)^f16, omit the definition of “unquoted traded company”.

Annotations

Footnotes

f1: S.I. 2008/410.
f2: The heading and paragraph (1) were amended by S.I. 2019/970.
f3: Schedule 8 was substituted by S.I. 2013/1981.
f4: The heading was amended by S.I. 2019/970.
f5: Sub-paragraph (2A) was inserted, and sub-paragraph (8) was amended, by S.I. 2019/970.
f6: Sub-paragraph (1) was amended by S.I. 2019/970.
f7: Paragraphs (g) and (h) were inserted by S.I. 2019/970.
f8: Paragraph (b) was amended by S.I. 2019/970.
f9: Paragraph (a) was amended by S.I. 2019/970.
f10: Paragraph 19 was amended by S.I. 2019/970.
f11: Sub-paragraph (3) was amended by S.I. 2019/970.
f12: Sub-paragraph (1A) was inserted by S.I. 2019/970.
f13: Sub-paragraph (b) was amended, and sub-paragraph (ba) was inserted, by S.I. 2019/970.
f14: Paragraph 30A was inserted by S.I. 2019/970.
f15: Paragraph 42 was amended by S.I. 2019/970.
f16: The definition of “unquoted traded company” was inserted by S.I. 2019/970.