PART 5Revision of defective reports and reviews

Voluntary revision of defective reports and reviewsI114

1

Section 245 of the 1985 Act (voluntary revision of defective accounts, statements and reports)13 is amended as follows.

2

In subsection (1)—

a

after “directors' report” insert “, operating and financial review”, and

b

for “revised statement or report” substitute “revised statement, report or review”.

3

In subsection (2), for “or report”, in each place, substitute “, report or review”.

4

In subsection (3), after “ a revised directors' report” insert “, a revised operating and financial review”.

5

In paragraphs (a) and (b) of subsection (4), for “ statement or report” substitute “, statement, report or review”.

6

In paragraph (c) of subsection (4)—

a

for “or report” (in the first place it occurs ) substitute “, report or review”;

b

for “based on the previous accounts or report” substitute “containing information derived from the previous accounts, report or review”.