Part 2Directors’ remuneration report and directors’ remuneration policy

Chapter 2Amendments to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

regulation 12 + 12.—(1) The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008(1) are amended as follows.

(2) In regulation 11 (directors’ remuneration report (quoted companies and traded companies)(2)—

regulation 12 2 a + (a)in the heading, omit “and traded companies”;

regulation 12 2 b + (b)in paragraph (1), omit “or unquoted traded company”.

(3) In Schedule 8 (quoted companies and traded companies: director’s remuneration report)(3)—

regulation 12 3 a + (a)in the heading(4), omit “and traded companies”;

regulation 12 3 b + (b)in paragraph 2(5)—

regulation 12 3 b i + (i)omit sub-paragraph (2A);

regulation 12 3 b ii + (ii)in sub-paragraph (8), paragraph (a), omit “or, where such a function exists in the company, the company’s deputy chief executive officer (however described)”;

regulation 12 3 c + (c)in paragraph 5(1)(6), omit the columns of the table headed “Total Fixed Remuneration” and “Total Variable Remuneration”;

regulation 12 3 d + (d)omit paragraphs 7(1)(g) and (h)(7);

regulation 12 3 e + (e)in paragraph 14(1)(b)(v)(8), omit “and any change in the exercise price or date”;

regulation 12 3 f + (f)in paragraph 18(1)(a)(i)(9), omit “or “unquoted traded company””;

regulation 12 3 g + (g)omit paragraph 19(10);

regulation 12 3 h + (h)in paragraph 21(3)(11), omit “and any deviations from the procedure for the implementation of the remuneration policy set out in the policy”;

regulation 12 3 i + (i)in paragraph 24, omit sub-paragraph (1A)(12);

regulation 12 3 j + (j)in paragraph 26(13)—

regulation 12 3 j i + (i)in sub-paragraph (b), omit “and information on any deferral periods”;

regulation 12 3 j ii + (ii)omit sub-paragraph (ba);

regulation 12 3 k + (k)omit paragraph 30A(14);

regulation 12 3 l + (l)in paragraph 42(15), omit “, and a description and explanation of all significant revisions”;

regulation 12 3 m + (m)in paragraph 44(1)(16), omit the definition of “unquoted traded company”.