Regulation 18 Amendment of the Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008

The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008^f1 are amended as follows.

In regulation 4 (disclosure of remuneration: small and medium-sized companies)—

In regulation 6 (group accounts), for sub-paragraph (2)(b) substitute—

“(b)

a subsidiary company where—

(i)

its parent is required to prepare and does prepare group accounts in accordance with the Act,

(ii)

the company is included in the consolidation, and

(iii)

the statutory auditor is the same for both the company and its parent;”.