The Companies (Northern Ireland) Order 1990 No. 593 (NI. 5)

SCHEDULES

SCHEDULE 7 SPECIAL PROVISIONS FOR BANKING AND INSURANCE COMPANIES AND GROUPS

PART II [PART II OF SCHEDULE 9 TO THE 1986 ORDER]ACCOUNTS OF BANKING OR INSURANCE GROUP

Companies entitled to benefit of exemptions

5.—(1) Where a banking or insurance company is entitled to the exemptions conferred by paragraph 27 or 28 of Part I, a group headed by that company is similarly entitled.

(2) Paragraphs 27(4), 28(2) and 28A (accounts not to be taken to be other than true and fair; duty of auditors) apply accordingly where advantage is taken of those exemptions in relation to group accounts.