8. For regulation 27 (information about dividends), substitute—
27.—(1) This regulation applies to the community interest company report of any community interest company which has declared, or whose directors propose to declare, a dividend for the financial year to which the report relates.
(2) The report must state the amount of any dividend declared, or proposed to be declared, by the company on each of its shares for the financial year to which the report relates.
(3) The report must also explain how the declaration or proposed declaration of any dividend declared, or proposed to be declared, by the company in respect of the financial year to which the report relates complies, or will comply, with regulations 17 and 19.
(4) The explanation provided under paragraph (3) must include details of—
(a)in the case of an exempt dividend, why it is an exempt dividend; and
(b)in the case of any other dividend, the maximum aggregate dividend
and how each of these has been determined.”