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(1)The [1967 c. 81.] Companies Act 1967 shall be amended in accordance with the following provisions of this section.
(2)In section 16 (additional general matters to be dealt with in directors' reports) in subsection (1) there shall be added after paragraph (f)—
“(g)in the case of companies of such classes as may be prescribed by regulations made by the Secretary of State, contain such information as may be so prescribed about the arrangements in force in that year for securing the health, safety and welfare at work of employees of the company and its subsidiaries and for protecting other persons against risks to health or safety arising out of or in connection with the activities at work of those employees.”
(3)After subsection (4) of the said section 16 there shall be added—
“(5)Regulations made under paragraph (g) of subsection (1) above may—
(a)make different provision in relation to companies of different classes;
(b)enable any requirements of the regulations to be dispensed with or modified in particular cases by any specified person or by any person authorised in that behalf by a specified authority ;
(c)contain such transitional provisions as the Secretary of State thinks necessary or expedient in connection with any provision made by the regulations.
(6)The power to make regulations under the said paragraph (g) shall be exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(7)Any expression used in the said paragraph (g) and in Part I of the Health and Safety at Work etc. Act 1974 shall have the same meaning in that paragraph as it has in that Part of that Act and section 1(3) of that Act shall apply for interpreting that paragraph as it applies for interpreting that Part of that Act; and in subsection (5) above " specified" means specified in regulations made under that paragraph.”.
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