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The Companies (Summary Financial Statement) Amendment Regulations 2002

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Form and content of summary financial statement of insurance companies and groups

7.  In Schedule 3 to the Regulations—

(1) Insert after paragraph 3—

Summary of paragraph 1(1) of Schedule 6 to the 1985 Act and of the directors' remuneration report

3A.  The summary financial statement shall contain the whole of, or a summary of—

(a)that portion of the notes to the accounts for the year in question which set out the information required by paragraph 1(1) of Part I of Schedule 6 to the 1985 Act (Aggregate amount of directors' emoluments etc); and

(b)to the extent that the company is required to produce a directors' remuneration report, those portions of the directors' remuneration report for the year in question which set out the matters required by paragraphs 3 (Statement of company’s policy on directors' remuneration) and 4 (Performance graph) of Schedule 7A to the 1985 Act.; and

(2) Omit paragraph 4(4).

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