C6C7C1C2C3C4Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C6

Pt. 15 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C7

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C2

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C3

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

Chapter 1Introduction

Companies subject to the small companies regime

C5C8384Companies excluded from the small companies regime

1

The small companies regime does not apply to a company that F5... was at any time within the financial year to which the accounts relate—

a

a public company,

b

a company that—

i

is an authorised insurance company, a banking company, an e-money issuer, F1a MiFID investment firm or a UCITS management company, F7or

ii

carries on insurance market activity, or

F8iii

is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1), or

c

a member of an ineligible group.

2

A group is ineligible if any of its members is—

F6a

a traded company,

b

a body corporate (other than a company) whose shares are admitted to trading on a F13UK regulated market,

c

a person (other than a small company) who has permission under F12Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on a regulated activity,

F2ca

an e-money issuer,

d

a small company that is an authorised insurance company, a banking company, F3... F4a MiFID investment firm or a UCITS management company, F9or

e

a person who carries on insurance market activity F11or

F10f

a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1).

3

A company is a small company for the purposes of subsection (2) if it qualified as small in relation to its last financial year ending on or before the end of the financial year to which the accounts relate.