(1) The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 [S.I. 2008/489. There are no relevant amending instruments.] are amended as follows.

(2) In regulation 4 (disclosure of remuneration: small and medium-sized companies) -

(a) in paragraph (1), omit "small or"; and

(b) omit paragraph (4).

(3) In regulation 6 (group accounts), for sub-paragraph (2)(b) substitute -

"(b) a subsidiary company where -

(i) its parent is required to prepare and does prepare group accounts in accordance with the Act,

(ii) the company is included in the consolidation, and

(iii) the statutory auditor is the same for both the company and its parent;".