# The Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011, Regulation 21: Directors’ explanatory report (division)

Extent: E+W+S+N.I.

In section 923(4) (directors’ explanatory report) after “section 933 (agreement to dispense with reports etc)” add “and section 933A (certain requirements excluded where shareholders given proportional rights)”.

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Source: https://www.legislation.gov.uk/uksi/2011/1606/regulation/21 (the official version)
Page: https://openlegislation.uk/companies-reporting-requirements-in-mergers-and-divisions-regulations-2011/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.