Form and content of summary financial statement of banking companies and groups
This section has no associated Explanatory Memorandum
6. In Schedule 2 to the Regulations –
(1) Insert after paragraph 2 –
“Summary of paragraph 1(1) of Schedule 6 to the 1986 Order and of the directors' remuneration report
2A. The summary financial statement shall contain the whole of, or a summary of –
(a)that portion of the notes to the accounts for the year in question which set out the information required by paragraph 1(1) of Part I of Schedule 6 to the 1986 Order (aggregate amount of directors' emoluments); and
(b)to the extent that the company is required to produce a directors' remuneration report, those portions of the directors' remuneration report for the year in question which set out the matters required by paragraphs 3 (statement of company’s policy on directors' remuneration) and 4 (performance graph) of Schedule 7A to the 1986 Order.”; and
(2) Omit paragraph 3(4).