The Accounts and Reports (Amendment) (EU Exit) Regulations 2019 No. 145

Regulation 4

SCHEDULE 1 U.K. Amendments made under section 2(2) of the European Communities Act 1972

The Companies Act 2006 U.K.

1.  In the Companies Act 2006 M1 , for section 384B(1)(d) M2 (companies excluded from being treated as micro entities) substitute—

“(d) a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council M3 , other than one listed in Article 2 of Directive 2013/36/EU of the European Parliament and of the Council on access to the activity of credit institutions and investment firms M4 ,”.

Commencement Information

I1 Sch. 1 para. 1 in force at 6.2.2019, see reg. 1(2)(a)

Marginal Citations

M1 2006 c. 46.

M2 Section 384B was inserted by S.I. 2013/3008.

M3 OJ L 176, 27.6.2013, p. 1.

M4 OJ L 176, 27.6.2013, p.338.

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 U.K.

2.  In the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 M5 , in paragraph 6(3) of Schedule 7 (matters to be dealt with in directors' report: financial instruments), for the words from “Council Directive 78/660/EEC” to the end substitute “ Directive 2013/34/EU of the European Parliament and of the Council on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings M6 ”.

Commencement Information

I2 Sch. 1 para. 2 in force at 6.2.2019, see reg. 1(2)(a)

Marginal Citations

M5 S.I. 2008/410; there are no relevant amending instruments.

M6 OJ L 182, 29.6.2013, p. 19.

The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 U.K.

3.  In the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 M7 , in regulation 5A (LLPs qualifying as micro-entities) M8 , in the modified version of section 384B (LLPs excluded from being treated as micro-entities), for subsection (1)(d) substitute—

“(d) a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council M9 , other than one listed in Article 2 of Directive 2013/36/EU of the European Parliament and of the Council on access to the activity of credit institutions and investment firms M10 ,”.

Commencement Information

I3 Sch. 1 para. 3 in force at 6.2.2019, see reg. 1(2)(a)

Marginal Citations

M7 S.I. 2008/1911; relevant amending instruments are S.I. 2011/1043, 2012/2301, 2013/3008, 2016/575 and 2017/1164.

M8 Regulation 5A was inserted by S.I. 2016/575.

M9 OJ L 176, 27.6.2013, p. 1–337.

M10 OJ No. L 176, 27.6.2013, p.338-436.