C6C5C1C2C3C4Part 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)

C5

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 12Supplementary provisions

Companies qualifying as medium-sized

C7C8467Companies 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 F14Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on a regulated activity, F12or

ii

carries on insurance market activity, F11or

F6iii

is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 F16or section 39(1) of the Pension Schemes Act (Northern Ireland) 2021 (interpretation of Part 1), or

F3ba

an e-money issuer, or

c

a member of an ineligible group.

2

A group is ineligible if any of its members is—

F9a

a traded company,

b

a body corporate (other than a company) whose shares are admitted to trading on a F7UK regulated market,

c

a person (other than a small company) who has permission under F15Part 4A of the Financial Services and Markets Act 2000 to carry on a regulated activity,

F4ca

an e-money issuer,

d

a small company that is an authorised insurance company, a banking company, F5. . . F1a MiFID investment firm or a UCITS management company, F8or

e

a person who carries on insurance market activity F13or

F10f

a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 F17or section 39(1) of the Pension Schemes Act (Northern Ireland) 2021 (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 in question.

F24

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.