Modifications etc. (not altering text)
C1Pt. 15 applied (with modifications) (6.4.2008) by The Bank Accounts Directive (Miscellaneous Banks) Regulations 2008 (S.I. 2008/567), reg. 4, Sch. para. 1 (with Sch. para. 11)
C2Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1
C3Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)
C4Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
(1)The directors' remuneration policy contained in a company's directors' remuneration report may be revised.
(2)Any such revision must be approved by the board of directors.
(3)The policy as so revised must be set out in a document signed on behalf of the board by a director or the secretary of the company.
(4)Regulations under section 421(1) may make provision as to—
(a)the information that must be contained in a document setting out a revised directors' remuneration policy, and
(b)how information is to be set out in the document.
(5)Sections 422(2) and (3), 454, 456 and 463 apply in relation to such a document as they apply in relation to a directors' remuneration report.
(6)In this section, “directors' remuneration policy” means the policy of a company with respect to the matters mentioned in section 421(2A).]
Textual Amendments
F1S. 422A inserted (25.4.2013 for specified purposes) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 79(2), 103(1)(i)
F2S. 422A inserted (25.4.2013 for specified purposes, 1.10.2013 in so far as not already in force) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 79(2), 103(1)(i), (3); S.I. 2013/2227, art. 2(h)