1.—(1) These Regulations may be cited as the Companies (1986 Order) (Accounts of Small and Medium-sized Companies and Minor Accounting Amendments) Regulations (Northern Ireland) 1997.
(2) These Regulations—
(a)shall come into operation on 4th November 1997; and
(b)subject to paragraph (3), shall apply to annual accounts approved by the board of directors on or after that day, and to directors' and auditors' reports on such accounts.
(3) A company may, with respect to a financial year of the company ending on or before 27th November 1997, prepare and deliver to the registrar of companies such annual accounts and directors' and auditors' reports as it would have been required to prepare and deliver had the amendments to the 1986 Order effected by these Regulations not been made.
(4) In these Regulations “the 1986 Order” means the Companies (Northern Ireland) Order 1986.