PART 5Revision of defective reports and reviews

Voluntary revision of defective reports and reviews14.

(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”.