Compliance with Regulations
This section has no associated Explanatory Memorandum
2.—(1) Where compliance with—
(a)Schedule 3 to the 2008 Regulations; and
(b)these Regulations,
would not be sufficient to give a true and fair view, the additional information necessary to achieve this must be given in the accounts or in a note to them.
(2) If in special circumstances compliance with any of the provisions referred to in sub-paragraph (1) is inconsistent with the requirement to give a true and fair view, the managing agent must depart from that provision to the extent necessary to give a true and fair view.
(3) Particulars of any such departure, the reasons for it and its effect must be given in a note to the accounts.