C2C3C4C5Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C3

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

C4

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 12Supplementary provisions

Companies qualifying as medium-sized

C1C6C7467Companies excluded from being treated as medium-sized

1

A company is not entitled to take advantage of any of the provisions of this Part relating to companies qualifying as medium-sized if it was at any time within the financial year in question—

a

a public company,

b

a company that—

i

has permission under F8Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on a regulated activity, or

ii

carries on insurance market activity,

F1ba

an e-money issuer, 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 regulated market,

c

a person (other than a small company) who has permission under F7Part 4A of the Financial Services and Markets Act 2000 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, or

e

a person who carries on insurance market activity.

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 in question.

F54

This section does not prevent a company from taking advantage of section 417(7) (business review: non-financial information) by reason only of its having been a member of an ineligible group at any time within the financial year in question.