11.—[F1(1) Subject to the following provisions of these Regulations upon the directors approving a revised report or policy under regulations [F24A,] 5, 6 or 6A the provisions of the 2006 Act have effect as if the revised report or policy was, as from the date of its approval, the strategic report, directors’ report, directors’ remuneration report or revised directors’ remuneration policy (as the case may be) in place of the original strategic report, directors’ report, directors’ remuneration report or revised directors’ remuneration policy (as the case may be.]
(2) In particular, the revised report [F3or policy] shall as from that date be [F4the strategic report or] the directors' report or the directors' remuneration report [F5or revised directors’ remuneration policy] for the relevant financial year for the purposes of—
(a)sections 431 and 432 of the 2006 Act, and
(b)sections 423 , 437 and 441 of that Act if the requirements of those sections have not been complied with prior to the date of revision.
Textual Amendments
F1Reg. 11(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Companies (Revision of Defective Accounts and Reports) (Amendment) (No.2) Regulations 2013 (S.I. 2013/2224), regs. 1(2), 10(a)
F2Word in reg. 11 inserted (1.1.2018) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), 11 (with reg. 2(6)(7))
F3Words in reg. 11(2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Companies (Revision of Defective Accounts and Reports) (Amendment) (No.2) Regulations 2013 (S.I. 2013/2224), regs. 1(2), 10(b)(i)
F4Words in reg. 11(2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Companies (Revision of Defective Accounts and Reports) (Amendment) (No.2) Regulations 2013 (S.I. 2013/2224), regs. 1(2), 10(b)(ii)
F5Words in reg. 11(2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Companies (Revision of Defective Accounts and Reports) (Amendment) (No.2) Regulations 2013 (S.I. 2013/2224), regs. 1(2), 10(b)(iii)