The Companies (1986 Order) (Operating and Financial Review) (Repeal) Regulations (Northern Ireland) 2006

13.—(1) Article 259 (summary financial statements)(1) is amended as follows.

(2) Omit paragraph (2ZA).

(3) In paragraph (2D)—

(a) omit the words “(2ZA) or”, and

(b) in sub-paragraphs (a) and (b) omit the words “review or”.

(4) In paragraph (3) omit the words “or (in the case of a quoted company) operating and financial review”.

(5) In paragraph (3A) for “, directors' report or operating and financial review” substitute “or directors' report”.

(6) In paragraph (4)—

(a) in sub-paragraph (aa) omit—

(i) the words “or (in the case of a quoted company) the operating and financial review”, and

(ii) the words “or review”;

(b) omit sub-paragraph (ac);

(c) in sub-paragraph (b)(i) omit—

(i) the words “or operating and financial review”, and

(ii) the words “or review”;

(d) for sub-paragraph (ca) substitute—

“(ca) state whether, in that report, the auditor’s statement under Article 243(3). (whether directors' report is consistent with accounts) was qualified or unqualified and, if qualified, set out the qualified statement in full together with any further material needed to understand the qualification;”.

(1)

Article 259 was inserted into the 1986 Order by Article 17 of the Companies (Northern Ireland) Order 1990 in place of an existing Article of that number, amended by regulation 3 of S.R. 1993 No. 220, Article 12 of S.R. 2003 No. 3, article 55 of S.I. 2001/3649, regulation 11 of S.R. 2004 No. 496, regulation 8 of S.R. 2005 No. 56, and regulation 11 of S.R. 2005 No. 61