SCHEDULECONSEQUENTIAL AMENDMENTS OF THE 1986 ORDER
1
In Article 242 (directors' report)4, omit paragraph (4).
2
Omit the heading before Article 242AA5.
3
Omit Article 242AB (approval and signing of operating and financial review)6.
4
In Article 243 (auditors' report)7, omit sub-paragraph (3A).
5
In Article 246(1A) (documents to be sent to persons entitled to receive copies of accounts and reports)8, omit—
a
sub-paragraph (ba), and
b
in sub-paragraph (d), the words “that operating and financial review and”.
6
In Article 247(1) (right to demand copies of accounts and reports)9, omit—
a
sub-paragraph (ba), and
b
in sub-paragraph (d), the words “that operating and financial review and”.
7
In Article 249(1) (accounts and reports to be laid before company in general meeting)10, omit—
a
sub-paragraph (ba), and
b
in sub-paragraph (d), the words “that operating and financial review and”.
8
In Article 250(1) (accounts and reports to be delivered to the registrar)11, omit—
a
sub-paragraph (ba), and
b
in sub-paragraph (d), the words “that operating and financial review and”.
9
1
Article 253 (voluntary revision of defective accounts, reports and reviews)12 is amended as follows.
2
In paragraph (1)—
a
omit the words “, operating and financial review”, and
b
for “revised statement, report or review” substitute “revised statement or report”.
3
In paragraph (2), for “, report or review” (in both places) substitute “or report”.
4
In paragraph (3), omit the words “, a revised operating and financial review”.
5
In paragraph (4)(a) and (b), for “, statement, report or review” substitute “statement or report”.
6
In paragraph (4)(c)—
a
for “, report or review” (in the first place it occurs) substitute “or report”, and
b
for “derived from the previous accounts, report or review” substitute “derived from the previous accounts or report”.
10
1
Article 253A (Department’s notice in respect of annual accounts, reports and reviews)13 is amended as follows.
2
In paragraph (1)—
a
in sub-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 paragraph (2)—
a
for “, report or review” substitute “or report”, and
b
for “a revised report or review” substitute “a revised report”.
4
In paragraph (3), for “, report or review” (in both places) substitute “or report”.
5
In paragraph (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”.
11
1
Article 253B (application to court in respect of defective accounts, reports and reviews)14 is amended as follows.
2
In paragraph (1), omit—
a
the words “or operating and financial review”, and
b
the words “or review”.
3
In paragraph (3A)—
a
omit the words “or a revised operating and financial review”;
b
in sub-paragraph (a), omit the words “or operating and financial review”;
c
in sub-paragraph (b), omit the words “, operating and financial review”;
d
in sub-paragraph (c), omit the words “or review”.
4
In paragraph (4)—
a
for “, report or review” substitute “or report”;
b
in sub-paragraph (b), omit the words “or review”;
c
for “defective accounts, report or review” substitute “defective accounts or report”;
d
for “approval of the accounts, report or review” substitute “approval of the accounts or report”.
5
In paragraph (5), for “, report or review” (in both places) substitute “or report”.
6
In paragraph (7)—
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”.
12
1
Article 253C (other persons authorised to apply to court)15 is amended as follows.
2
In paragraph (1), in sub-paragraphs (a) and (b), for “, directors' reports and operating and financial reviews” substitute “and directors' reports”.
13
1
Article 259 (summary financial statements)16 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;
14
In Article 270A (index of defined expressions)17, omit the entries relating to “group operating and financial review”, “operating and financial review” and “reporting standards and relevant reporting standards”.
15
Omit Schedule 7ZA (contents of operating and financial review)18.
16
In Schedule 23 (punishment of offences)19, omit the entries relating to Articles 242AA(5) and 242AB(4).