Statutory Instruments
1996 No. 3080
COMPANIES
The Companies Act 1985 (Audit Exemption) (Amendment) Regulations 1996
Made
5th December 1996
Laid before Parliament
10th December 1996
Coming into force
1st January 1997
The Secretary of State, in exercise of the powers conferred on him by section 257 of the Companies Act 1985(1) and of all other powers enabling him in that behalf, hereby makes the following Regulations:
1. These Regulations may be cited as the Companies Act 1985 (Audit Exemption) (Amendment) Regulations 1996 and shall come into force on 1st January 1997.
2.—(1) Section 249D of the Companies Act 1985 (definition of reporting accountant)(2) is amended as follows.
(2) In subsection (3)—
(a)omit “and” at the end of paragraph (d), and
(b)after paragraph (e) insert—
“(f)the Association of Accounting Technicians,
(g)the Association of International Accountants, and
(h)the Chartered Institute of Management Accountants.”
John M. Taylor
Parliamentary Under-Secretary of State for Corporate and Consumer Affairs,
Department of Trade and Industry
5th December 1996
Explanatory Note
(This note is not part of the Regulations)
These Regulations further amend section 249D of the Companies Act 1985, as inserted by the Companies Act 1985 (Audit Exemption) Regulations 1994 (S.I. 1994/1935), by adding to the bodies listed in section 249D(3) the Association of Accounting Technicians, the Association of International Accountants and the Chartered Institute of Management Accountants.
1985 c. 6; section 257 was substituted by section 20 of the Companies Act 1989 (c. 40).