(This note is not part of the Regulations)

These Regulations are made under section 421 and 422A of the Companies Act 2006 (c.46) ("the Act") and substitute Schedule 8 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (S.I. 2008/410) ("the 2008 Regulations").

Regulation 2 makes consequential amendments to regulation 11 of the 2008 Regulations.

Regulation 3 substitutes the Schedule to these Regulations for Schedule 8 of the 2008 Regulations.

Schedule 8 specifies the information to be included in the directors' remuneration report which the directors of a quoted company are required to prepare under section 420 of the Act.

Part 2 of Schedule 8 provides that the report shall contain a summary statement by the chair of the remuneration committee.