http://www.legislation.gov.uk/uksi/2005/1011/contents/made

The Companies Act 1985 (Operating and Financial Review and Directors' Report etc.) Regulations 2005

Company acquisitions

King's Printer of Acts of Parliament

2016-03-11

COMPANIES

These Regulations amend Part 7 of the Companies Act 1985 (“the 1985 Act”) on accounts and audit in order to—introduce a new requirement for directors of quoted companies to prepare operating and financial reviews (“OFRs”) for financial years;implement requirements relating to the directors' report in articles 1.14, 1.17 (in part) and 2.10 of Directive 2003/51/EC of the European Parliament and of the Council of 18th June 2003 amending Directives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of certain types of companies, banks and other financial institutions and insurance undertakings (Official Journal No. L178/16 of 17th July 2003) (“the Accounts Modernisation Directive”);make minor and consequential amendments to Part 7.