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Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 [SI 2008 No. 410]Introductory TextPart 1 Introduction (regs. 1-2)Regulation 1 Citation and interpretationRegulation 2 Commencement and applicationPart 2 Form and content of accounts (regs. 3-9)Regulation 3 Companies Act individual accounts (companies other than banking and insurance companies)Regulation 4 Medium-sized companies: exemptions for Companies Act individual accountsRegulation 5 Companies Act individual accounts: banking companiesRegulation 6 Companies Act individual accounts: insurance companiesRegulation 7 Information about related undertakings (Companies Act or IAS individual or group accounts)Regulation 8 Information about directors' benefits: remuneration (Companies Act or IAS individual or group accounts: quoted and unquoted companies)Regulation 9 Companies Act group accountsPart 3 Directors' report (reg. 10)Regulation 10 Directors' reportPart 4 Directors' Remuneration Report (reg. 11)Regulation 11 Directors' remuneration report (quoted companies and traded companies)Part 5 Interpretation (regs. 12-13)Regulation 12 Definition of "provisions"Regulation 13 General interpretationPart 6 Review (reg. 14)Regulation 14 ReviewSchedule 1 Companies Act individual accounts: Companies Which are not Banking or Insurance CompaniesSchedule 1, Part 1 General Rules and Formats (paras. 1-9A)Schedule 1, Part 2 Accounting Principles and Rules (paras. 10-41)Schedule 1, Part 3 Notes to the accounts (paras. 42-72B)Schedule 1, Part 4 Special Provision Where Company is a Parent Company or Subsidiary Undertaking (para. 73)Schedule 1, Part 5 Special Provisions Where the Company is an Investment Company (para. 74)Schedule 2 Banking Companies: Companies Act Individual AccountsSchedule 2, Part 1 General Rules and Formats (paras. 1-15)Schedule 2, Part 2 Accounting principles and rules (paras. 16-51)Schedule 2, Part 3 Notes to the accounts (paras. 52-92B)Schedule 2, Part 4 Interpretation of this Schedule (paras. 93-99)Schedule 3 Insurance Companies: Companies Act Individual AccountsSchedule 3, Part 1 General rules and formats (paras. 1-13)Schedule 3, Part 2 Accounting principles and rules (paras. 14-59)Schedule 3, Part 3 Notes to the accounts (paras. 60-90B)Schedule 3, Part 4 Interpretation of this Schedule (para. 91)Schedule 4 Information on Related Undertakings Required Whether Preparing Companies Act or Ias AccountsSchedule 4, Part 1 Provisions Applying to All Companies (paras. 1-9)Schedule 4, Part 2 Companies not required to prepare group accounts (paras. 10-14)Schedule 4, Part 3 Companies required to prepare group accounts (paras. 15-22)Schedule 4, Part 4 Additional disclosures for banking companies and groups (para. 23)Schedule 4, Part 5 Interpretation of references to "beneficial interest" (paras. 24-27)Schedule 5 Information about benefits of directorsSchedule 5, Part 1 Provisions applying to quoted and unquoted companies (para. 1)Schedule 5, Part 2 Provisions applying only to unquoted companies (paras. 2-5)Schedule 5, Part 3 Supplementary Provisions (paras. 6-15)Schedule 6 Companies Act Group AccountsSchedule 6, Part 1 General rules (paras. 1-22B)Schedule 6, Part 2 Modifications for banking groups (paras. 23-30)Schedule 6, Part 3 Modifications for insurance groups (paras. 31-40)Schedule 7 Matters to be dealt with in directors' reportSchedule 7, Part 1 Matters of a general nature (paras. 1-7)Schedule 7, Part 2 Disclosure required by company acquiring its own shares Etc. (paras. 8-9)Schedule 7, Part 3 Disclosure concerning employment etc. of disabled persons (para. 10)Schedule 7, Part 4 Engagement with employees, suppliers, customers and others (para. 11)Schedule 7, Part 5 Policy and practice on payment of creditors (para. 12)Schedule 7, Part 6 Disclosure required by certain Publicly-Traded Companies (paras. 13-14)Schedule 7, Part 7 Disclosures concerning greenhouse gas emissions, energy consumption and energy efficiency action by quoted companies (paras. 15-20)Schedule 7, Part 7A Disclosures concerning greenhouse gas emissions, energy consumption and energy efficiency action by unquoted companiesSchedule 7, Part 8 Statement of corporate governance arrangementsSchedule 8 Quoted companies: Directors' remuneration reportSchedule 8, Part 1 Introductory (paras. 1-2)Schedule 8, Part 2 Annual Statement (para. 3)Schedule 8, Part 3 Annual Report on Remuneration (paras. 4-23)Schedule 8, Part 4 Directors' Remuneration Policy (paras. 24-40)Schedule 8, Part 5 Provisions of the directors' remuneration report which are subject to audit  (para. 41)Schedule 8, Part 6 Revised directors' remuneration policy (paras. 42-43)Schedule 8, Part 7 Interpretation and supplementary (paras. 44-49)Schedule 9 Interpretation of term "provisions"Schedule 9, Part 1 Meaning for purposes of these regulations (paras. 1-2B)Schedule 9, Part 2 Meaning for purposes of Parts 18 and 23 of the 2006 Act (paras. 3-8)Schedule 10 General InterpretationSignatureExplanatory NoteExplanatory Memorandum
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2008 - onwards
Version 2 of 2

Schedule 1, Part 5 Special Provisions Where the Company is an Investment Company (para. 74)

Regulation 3(1)

74.

(1) Paragraph 35 does not apply to the amount of any profit or loss arising from a determination of the value of any investments of an investment company on any basis mentioned in paragraph 32(3).

(2) Any provisions made by virtue of paragraph 19(1) or (2) in the case of an investment company in respect of any fixed asset investments need not be charged to the company’s profit and loss account provided they are either -

(a) charged against any reserve account to which any amount excluded by sub-paragraph (1) from the requirements of paragraph 35 has been credited, or

(b) shown as a separate item in the company’s balance sheet under the sub-heading "other reserves".

(3) For the purposes of this paragraph, as it applies in relation to any company, "fixed asset investment" means any asset falling to be included under any item shown in the company’s balance sheet under the subdivision "investments" under the general item "fixed assets".

75.

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