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11. In regulation 10 (signing and approval of statement of accounts etc)—
(a)in paragraph (3)—
(i)for “paragraph (5)” substitute “paragraph (6)”;
(ii)for “referred to in regulations 7(1) and 7(6)” substitute “which are not smaller relevant bodies”;
(iii)for “approved by a resolution of a committee of the relevant body or otherwise by a resolution of the members of the body meeting as a whole,” substitute “considered by a committee of the relevant body or the members of the body meeting as a whole, and following that consideration, shall be approved by a resolution of that committee or meeting,”;
(b)in paragraph (4)—
(i)before “in respect of all” insert “Subject to paragraph (6),”;
(ii)for “all relevant bodies referred to in regulation 9(2) and (3)” substitute “smaller relevant bodies”;
(iii)for “balance sheet” substitute “statement of balances”;
(iv)for “regulation 9(1),”, substitute “regulation 9(1) or”;
(v)omit “or the income and expenditure account and statement of balances as required by regulation 9(3)(b)”;
(vi)for “approved by a resolution of a committee of the relevant body or otherwise by a resolution of the members of the body meeting as a whole,” substitute “considered by a committee of the relevant body or the members of the body meeting as a whole, and following that consideration, shall be approved by a resolution of that committee or meeting,”; and
(vii)for “before the 30th September” substitute “, subject to paragraph (5), before the 30th June”;
(c)in paragraph (5)—
(i)for “(3)(a)” substitute “(4)(a)”;
(ii)for “2003” substitute “2006”;
(iii)for “2004” substitute “2007”; and
(iv)for “2005” substitute “2008”; and
(d)after paragraph (5) insert—
“(6) Where a relevant body does not approve the statement of accounts, the record of receipts and payments or the income and expenditure account and statement of balances, as the case may be, (“the accounting document”) by the date required by paragraph (3), (4) or (5) it shall—
(a)within twenty working days of that date, hold a further meeting of the members of the relevant body as a whole, at which the accounting document shall be considered; and
(b)where the meeting referred to in sub-paragraph (a) does not resolve to approve the accounting document, the relevant body shall, as soon as reasonably practicable, publish a statement as to the reasons why it cannot approve the accounting document.”.
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