Citation, commencement and interpretation1
1
These Regulations may be cited as the Companies Act 1985 (Operating and Financial Review) (Repeal) Regulations 2005.
2
These Regulations come into force on 12th January 2006.
3
In these Regulations “the 1985 Act” means the Companies Act 1985.
Repeal of requirement to prepare operating and financial review2
1
Section 234AA of the 1985 Act (duty of directors of quoted company to prepare operating and financial review)2 is repealed.
2
In consequence of that repeal—
a
the 1985 Act is amended in accordance with Schedule 1 to these Regulations, and
b
the enactments specified in Schedule 2 to these Regulations are amended in accordance with that Schedule.
Alun MichaelMinister of State for Industry and the RegionsDepartment of Trade and Industry