PART 3ACCOUNTS AMENDMENTS
Amendment of Large and Medium-sized Companies Accounts Regulations12
1
The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 20087 are amended as follows.
2
In regulation 12 (definition of “provisions”)—
a
omit “and” at the end of paragraph (b), and
b
at the end of paragraph (c) insert—
, and
d
section 841(2)(a) (Companies Act accounts: provisions to be treated as realised losses) in that Part.
3
For paragraph 13(2)(b) of Schedule 8 (quoted companies: directors’ remuneration report: directors’ pensions) substitute—
b
the transfer value, calculated in accordance with regulations 7 to 7E of the Occupational Pension Schemes (Transfer Values) Regulations 19968, of the person’s accrued benefits under the scheme at the end of the relevant financial year;
4
After paragraph 7 of Schedule 9 (interpretation of term “provisions”) insert—
Realised losses8
The specified provisions for the purposes of section 841(2)(a) of the 2006 Act (Companies Act accounts: treatment of provisions as realised losses) are provisions of any of the kinds mentioned in paragraphs 1 and 2 of this Schedule.