Regulation 2 Application

(1)

These Regulations, other than regulation 34, apply to the accounts and statements (as hereinafter specified) of every company to which Part II of the Act applies in respect of any financial year ending on or after 23rd December 1996.

(2)

Where the Secretary of State has directed, pursuant to paragraph 7(2) of Part I of Schedule 2F to the Act (recognition in the United Kingdom of EC and EFTA companies)^f1, that Part II of the Act shall apply to an EC company, these Regulations shall apply to that company as they apply to a company with its head office in an EFTA State.

(3)

These Regulations do not apply to—

(a)

an EEA deposit company or an EFTA company, in relation to long term business or general business carried on by it outside the United Kingdom; or

(b)

a Swiss general insurance company, in relation to general business carried on by it outside the United Kingdom.

Annotations

Footnotes

f1: Schedule 2F was inserted by S.I. 1994/1696, reg. 45(2) and Schedule 6.