Part 16Audit

Chapter 1Requirement for audited accounts

Exemption from audit: dormant companies

481Companies excluded from dormant companies exemption

A company is not entitled to the exemption conferred by section 480 (dormant companies) if it was at any time within the financial year in question a company that—

F1(za)

is a traded company as defined in section 474(1),

(a)

is an authorised insurance company, a banking company, an e-money issuer, F2a MiFID investment firm or a UCITS management company, or

(b)

carries on insurance market activity.