The Companies Act 1985 (Operating and Financial Review) (Repeal) Regulations 2005

10.—(1) Section 245A (Secretary of State’s notice in respect of annual accounts, reports and reviews)(1) is amended as follows.

(2) In subsection (1)—

(a) in paragraphs (a) and (b), for “, directors' report or operating and financial review” substitute “or directors' report”, and

(b) for “, report or review” substitute “or report”.

(3) In subsection (2)—

(a) for “, report or review” substitute “or report”, and

(b) for “a revised report or review” substitute “a revised report”.

(4) In subsection (3), for “, report or review” (in both places) substitute “or report”.

(5) In subsection (4)—

(a) for “, revised directors' reports and revised operating and financial reviews” substitute “and revised directors' reports”, and

(b) for “, reports or reviews” (in both places) substitute “or reports”.

(1)

Section 245A was inserted by section 12 of the Companies Act 1989, and amended by regulation 3 of, and paragraph 11 of Schedule 1 to, S.I. 2004/2947, and by regulation 15 of S.I. 2005/1011.