The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 No. 970

PART 2 Amendments to the Companies Act 2006

CHAPTER 3 Amendments to Part 16 (audit)

Amendment to section 497

25.  In section 497 (auditor’s report on auditable part of directors’ remuneration report)—

(a) in subsection (1), after “quoted company” insert “or unquoted traded company”;

(b) after subsection (2) insert—

“(3) In this section “unquoted traded company” means a traded company (as defined by section 360C) that is not a quoted company.”.

Amendments to section 498

26.  In section 498 (duties of auditor)—

(a) in subsections (1)(c) and (2)(c), after “quoted company” insert “or unquoted traded company”;

(b) after subsection (6) insert—

“(7) In this section “unquoted traded company” means a traded company (as defined by section 360C) that is not a quoted company.”.