SCHEDULE Modification of Part 7 of the 1985 Act for syndicate accounts

10.  Section 235(1) (auditors' report) is modified so that subsection (1) is substituted as follows—

“(1) A syndicate’s auditors shall make a report to the syndicate’s members on all annual accounts of the syndicate of which copies are to be sent to the syndicate members during the auditors' tenure of office.”.

(1)

Inserted by the Companies Act 1989 and amended by S.I. 2002/1986 and S.I. 2004/2947.