(1) Regulation 14 [Regulation 14 is amended by S.I. 2016/575 and S.I. 2018/860.] is amended as follows.

(2) In paragraph (1) -

(a) at the end of sub-paragraph (a)(i), omit "and";

(b) after sub-paragraph (a)(ii), insert -

"(iii) Part 2 of the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, and".

(3) After paragraph (4A), insert -

"(4B) The first report under paragraph (1)(a)(iii) must be published before the end of the period of 5 years beginning with the date on which the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 come into force.".

(4) In paragraph (5), for "paragraphs (1)(a)(i) and (ii)", substitute "paragraphs (1)(a)(i) to (iii)".