{
  "url": "https://openlegislation.uk/reports-on-payments-to-governments-amendment-regulations-2015/note",
  "json_url": "https://openlegislation.uk/reports-on-payments-to-governments-amendment-regulations-2015/note.json",
  "legislation": "uksi/2015/1928",
  "legislation_title": "The Reports on Payments to Governments (Amendment) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/reports-on-payments-to-governments-amendment-regulations-2015",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Reports on Payments to Governments Regulations 2014 (S.I. 2014/3209) (“the 2014 Regulations”) which extend to the whole of the United Kingdom. The 2014 Regulations implemented Chapter 10 of Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC and repealing Council Directives 78/660/EEC and 83/349/EEC. These Regulations extend to the whole of the United Kingdom.\nRegulation 2 corrects errors in the 2014 Regulations which derive from an unduly restrictive definition in the 2014 Regulations of the term “undertaking”; that definition feeds into other definitions and provisions in the 2014 Regulations. In particular, regulation 8 of the 2014 Regulations (as amended by these Regulations) imposes a duty on the directors of certain UK parent undertakings to prepare a consolidated report, and regulations 9 to 11 of the 2014 Regulations make provision about the content of such a report and provision for exemptions. The amendments made by regulation 2 of these Regulations ensure (by expanding the definition of “subsidiary undertaking” in the 2014 Regulations) that the subsidiary undertakings to be included in consolidated reports are not restricted to UK entities.\nRegulations 3 and 4 apply (with some modifications) the provisions of Part 35 of the Companies Act 2006 (c.46) listed in Tables A and B in those regulations to documents delivered to the registrar under the 2014 Regulations by partnerships or limited partnerships. The provisions applied relate to public notice of receipt of certain documents, inspection of the register and language requirements (translation) for documents delivered to the registrar.\nA transposition note for the 2014 Regulations, as amended by this instrument, is available on www.gov.uk/bis.\nA full regulatory impact assessment of the effect that the 2014 Regulations were intended to have (and that they will have in consequence of the amendments made by this instrument) on the costs of business and the voluntary sector is available from the Business Environment Directorate, Department for Business, Innovation and Skills, 1 Victoria Street, London SW1H OET or from www.gov.uk/bis, and is also available alongside this instrument at www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/1928/note",
    "retrieved_at": "2026-10-28T23:30:10.682193+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."
}