Part 2Directors’ remuneration report and directors’ remuneration policy

Chapter 1Amendments to the Companies Act 2006

Chapter 7 of Part 15

regulation 6 + 6.—(1) In section 426A (supplementary material)(1), in subsection (2)(e), omit “or of a traded company (as defined by section 360C) that is not a quoted company”.

(2) In the italic heading before section 430(2), omit “and traded companies”.

(3) In section 430 (quoted companies and traded companies: annual accounts and reports to be made available on website)(3)—

regulation 6 3 a + (a)in the heading, omit “and traded companies”;

regulation 6 3 b + (b)in subsection (1)—

regulation 6 3 b i + (i)omit “or unquoted traded company”;

regulation 6 3 b ii + (ii)in paragraph (b), omit “subject to subsection (4ZA),”;

regulation 6 3 c + (c)in subsection (2A)—

regulation 6 3 c i + (i)omit “or unquoted traded company”;

regulation 6 3 c ii + (ii)omit “or amended as mentioned in section 226B(1)(b) or section 226C(1)(b),”;

regulation 6 3 c iii + (iii)term or amended + omit “or amended” (the second time it appears);

regulation 6 3 d + (d)in subsection (2B), omit “or of an unquoted traded company”;

regulation 6 3 e + (e)omit subsection (2C);

regulation 6 3 f + (f)in subsection (3), for “(2C)” substitute “(2B)”;

regulation 6 3 g + (g)in subsection (4)(b), omit “subject to subsection (4ZA),”;

regulation 6 3 h + (h)omit subsection (4ZA);

regulation 6 3 i + (i)in subsection (4A)—

regulation 6 3 i i + (i)at the end of paragraph (a) insert “and”;

regulation 6 3 i ii + (ii)omit sub-paragraph (c) and the “and” before it;

regulation 6 3 j + (j)in subsection (5), omit “(4ZA) or”;

regulation 6 3 k + (k)omit subsection (8).

(4) In section 431 (right of member or debenture holder to copies of accounts and reports: unquoted companies), in subsection (1)(4)—

regulation 6 4 a + (a)after paragraph (b), insert “and”;

regulation 6 4 b + (b)omit paragraph (ba) and the “and” after it;

regulation 6 4 c + (c)in paragraph (c), omit “and on the directors’ remuneration report”.

(5) In section 433 (name of signatory to be stated in published copies of accounts and reports)(5)—

regulation 6 5 a + (a)in subsection (2), omit “that is not a traded company”;

regulation 6 5 b + (b)in subsection (3), omit “or of a traded company (as defined by section 360C) that is not a quoted company”.