Regulation 19

Amendments to the Companies Act 2006

1. The Companies Act 2006 [2006 c.46.] is amended in accordance with this Chapter.

Companies qualifying as small: parent companies

2. In section 383(6), for "international accounting standards" substitute "UK-adopted international accounting standards".

Duty to keep accounting records

3. In section 386(2)(c) and (5), omit "(and, where applicable, of Article 4 of the IAS Regulation)".

Where and for how long records to be kept

4. In section 388(3)(b), omit "(and, where applicable, of Article 4 of the IAS Regulation)".

Individual accounts: exemption for dormant subsidiaries

5. In section 394A(2)(c)(ii) [Section 394A was inserted by S.I. 2012/2301.], for "international accounting standards" substitute "UK-adopted international accounting standards".

Individual accounts: applicable accounting framework