Part IIU.K. Eligibility for Appointment as Company Auditor

Modifications etc. (not altering text)

C1Pt. II (ss. 24-54) applied (with modifications) (E.W.S.) (20.10.1993) by 1993 c. xi, ss. 1(2), 6(4)

Pt. II (ss. 24-54) applied (with modifications) (E.W.S.) (21.7.1993) by S.I. 1993/1820, reg. 4, Sch. para.3

Pt. II (ss. 24-54) applied (with modifications) (E.W.S.) (19.12.1993) by S.I. 1993/3245, reg.3(5)

Pt. II (ss. 24-54) applied (with modifications) (E.W.S.) (28.5.1994) by S.I. 1994/1440, art. 37(1)(2) (with arts. 38, 39)

Pt. 2 (ss. 24-54) applied (with modifications) (31.12.2004) by The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004 (S.I. 2004/3219), regs. {3(6)}, {4(5)}

C4Pt. 2 (ss. 24-54): functions of the Secretary of State transferred to the designated body (E.W.S) (5.9.2005) by The Companies Act 1989 (Delegation) Order 2005 (S.I. 2005/2337), art. 3 (with arts. 7-10)

Supplementary provisionsE+W+S

48 Exemption from liability for damages.E+W+S

(1)Neither a recognised supervisory body, nor any of its officers or employees or members of its governing body, shall be liable in damages for anything done or omitted in the discharge or purported discharge of functions to which this subsection applies, unless the act or omission is shown to have been in bad faith.

(2)Subsection (1) applies to the functions of the body so far as relating to, or to matters arising out of—

(a)such rules, practices, powers and arrangements of the body to which the requirements of Part II of Schedule 11 apply, or

(b)the obligations with which paragraph 16 of that Schedule requires the body to comply,

(c)any guidance issued by the body, or

(d)the obligations to which the body is subject by virtue of this Part.

(3)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments