PART 1General

Citation, commencement and interpretation1

1

These Regulations may be cited as the Companies Act 1985 (Operating and Financial Review and Directors' Report etc.) Regulations 2005.

2

These Regulations come into force on the day after the day on which they are made.

3

Parts 2, 3, 4 and 6 of these Regulations have effect as respects companies' financial years which begin on or after 1st April 2005.

4

Part 5 of these Regulations has effect as follows —

a

regulation 14 has effect from 1st April 2005, and

b

regulations 15 to 18 have effect as respects annual accounts, directors' reports and operating and financial reviews prepared for companies' financial years which begin on or after 1st April 2006.

5

In these Regulations, “the 1985 Act” means the Companies Act 1985.