SCHEDULE 3Amendments to the Companies Act 2006

PART 5Amendments to Part 42 of the Companies Act 2006

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1

Section 1218 (exemption from liability for damages) is amended as follows.

2

In subsection (3)—

a

in paragraph (d), after “this Part” insert “ or by or by virtue of the Statutory Auditors and Third Country Auditors Regulations 2016; ”;

b

after paragraph (d) insert—

e

the obligations imposed on the body by or by virtue of the Audit Regulation.

3

In subsection (4)—

a

in paragraph (b), after “this Part” insert “ , the Statutory Auditors and Third Country Auditors Regulations 2016 or the Audit Regulation ”;

b

in the closing words, after “this Part” insert “ , the Statutory Auditors and Third Country Auditors Regulations 2016 or the Audit Regulation ”.