Part 16Audit
Chapter 1Requirement for audited accounts
Exemption from audit: dormant companies
481Companies excluded from dormant companies exemption
A company is not entitled to the exemption conferred by section 480 (dormant companies) if it was at any time within the financial year in question a company that—
(a)
is an authorised insurance company, a banking company, an e-money issuer, an ISD investment firm or a UCITS management company, or
(b)
carries on insurance market activity.