This instrument makes a number of amendments to Part 15 of the Companies Act related to preparation and filing of accounts by companies in the UK. These address a number of minor inoperabilities arising from the UK’s exit from the EU, such as substituting references to the EU’s Accounting Directive with references to domestic legislation, as well as making other changes such as limiting the scope of certain exemptions so that they apply only to UK registered companies with UK parents only. Transitional provision has been made to give entities sufficient time to adjust to the changes.
Also see EU Exit SI tracker