The Accounts and Reports (Amendment) (EU Exit) Regulations 2019

The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

15.  In regulation 9 (individual accounts)—

(a) in the modified version of section 394A applied by that regulation (individual accounts: exemption for dormant subsidiaries)(1)—

(i) in subsection (1)(c), for “an EEA State” substitute “any part of the United Kingdom”;

(ii) for subsection (2)(c)(i), substitute—

“(i) if the undertaking is a company, the requirements of this Part of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or”;

(b) in the modified version of section 394C(2) applied by that regulation (dormant subsidiaries exemption: parent undertaking declaration of guarantee)(2)—

(i) for paragraph (b), substitute—

“(b) the registered number of the parent undertaking (if any),”;

(ii) omit paragraph (c);

(c) in the modified version of section 395(3) applied by that regulation (individual accounts: applicable accounting framework)—

(i) in paragraph (c), for “regulated market in an EEA State” substitute “UK regulated market”;

(ii) in paragraph (d), for “regulated market in an EEA State” substitute “UK regulated market”.

(1)

Section 394A was inserted by S.I. 2012/2301 and amended by S.I 2016/575.

(2)

Section 394C was inserted by S.I. 2012/2301.