PART 2AMENDMENTS TO THE COMPANIES LEGISLATION

Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6))

Limitations on exemptions for small and medium-sized companies in relation to accounts etc.51

1

Article 255A of the 1986 Order (limitations on exemptions for small and medium-sized companies in relation to accounts etc.)56 is amended as follows.

2

In paragraph (1), for sub-paragraph (a) substitute—

a

the company is, or was at any time within the financial year to which the accounts relate—

i

a public company,

ii

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on one or more regulated activities, or

iii

a person who carries on insurance market activity;

3

In paragraph (2), for sub-paragraphs (b) to (d) substitute—

b

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity, or

c

a person who carries on insurance market activity.