PART 1INTRODUCTION

Citation, commencement and application1

1

These Regulations may be cited as the Companies (Summary Financial Statement) Regulations 2008.

2

These Regulations come into force on 6th April 2008 and apply in relation to companies’ financial years beginning on or after that date.

Interpretation2

In these Regulations, unless otherwise stated—

  • “the 2006 Act” means the Companies Act 2006;

  • “the Large and Medium-sized Companies Accounts Regulations” means the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 20082;

  • “the Small Companies Accounts Regulations” means the Small Companies (Accounts and Directors’ Report) Regulations 20083;

  • “full accounts and reports” means, in relation to a company, the annual accounts and reports, copies of which the company is required to send to the persons specified in section 423(l) of the 2006 Act, and “full” in relation to any balance sheet, profit and loss account, group accounts, directors’ report or directors’ remuneration report means any such document contained in the full accounts and reports.

Persons to whom a company may send a summary financial statement3

Subject to these Regulations, a company may send a summary financial statement instead of a copy of its full accounts and reports to—

a

a person specified in section 423(l) of the 2006 Act (duty to circulate copies of annual accounts and reports); and

b

a person nominated to enjoy information rights under section 146 of the 2006 Act (traded companies: nomination of persons to enjoy information rights).