SCHEDULE 2Amendments to the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
11
In regulation 12 (penalties for non-compliance (notification of appropriate audit authority))—
a
after paragraph (2) insert—
2A
In relation to an offence by a body under paragraph (1)—
a
any person who purports to act as director, manager or secretary of the body is treated as an officer of the body, and
b
if the body is a company, any shadow director is treated as an officer of the company.
b
omit paragraphs (3) and (6).