SCHEDULES
F1F1SCHEDULE 6
F2Part III Other Transactions, Arrangements and Agreements
Sch. 6 Pt. III (renumbered from Pt. II): heading substituted (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 6(1)
F328
This Part of this Schedule applies in relation to the following classes of transactions, arrangements and agreements—
a
loans, guarantees and securities relating to loans, arrangements of a kind described in F4section 203 of the Companies Act 2006 relating to loans and agreements to enter into any of the foregoing transactions and arrangements;
b
quasi-loans, guarantees and securities relating to quasi-loans arrangements of a kind described in F5that section relating to quasi-loans and agreements to enter into any of the foregoing transactions and arrangements;
c
credit transactions, guarantees and securities relating to credit transactions, arrangements of a kind described in F5that section relating to credit transactions and agreements to enter into any of the foregoing transactions and arrangements.
F629
1
To comply with this Part of this Schedule, the accounts must contain a statement, in relation to transactions, arrangements and agreements F7made by the company or a subsidiary of it for persons who at any time during the financial year were officers of a company (but not directors or shadow directors), of—
a
the aggregate amounts outstanding at the end of the financial year under transactions, arrangements and agreements within sub-paragraphs (a), (b) and (c) respectively of paragraph 28 above, and
b
the numbers of officers for whom the transactions, arrangements and agreements falling within each of those sub-paragraphs were made.
2
This paragraph does not apply to transactions, arrangements and agreements made by the company or any of its subsidiaries for an officer of the company if the aggregate amount outstanding at the end of the financial year under the transactions, arrangements and agreements so made for that officer does not exceed £2,500.
3
F1030
The following provisionsF11 of the Companies Act 2006 apply for the purposes of this Part of this Schedule—
a
section 199 (meaning of “quasi-loan”),
b
section 202 (meaning of “credit transaction”), and
c
section 212 (person for whom a transaction or arrangement is entered into);
and “amount outstanding” means the amount of the outstanding liabilities of the person for whom the transaction, arrangement or agreement was made or, in the case of a guarantee or security, the amount guaranteed or secured.
Sch. 6 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12); and Sch. 6 para. 27(1)(d) and certain words in Sch. 6 paras. 15-17, 19, 22, 24 are expressed to be repealed (6.4.2008 with effect as stated in Sch. 1 para. 90(2) of the amending S.I.) by S.I. 2008/948, arts. 2(1), 3, Sch. 1 para. 90(1), Sch. 2 (with arts. 6, 11, 12)