The Companies (Defective Accounts) (Authorised Person) Order 2005

• Citation: S.I. 2005/699
• Sections: 6

Section 1 Citation, commencement and interpretation

This Order may be cited as the Companies (Defective Accounts) (Authorised Person) Order 2005 and shall come into force on 6th April 2005.

Section 2 Citation, commencement and interpretation

In this Order –

(a) “ the Act ” means the Companies Act 1985;

(b) “the authorised person” means the body known as the Financial Reporting Review Panel established under the articles of association of The Financial Reporting Review Panel Limited .

Section 3 Authorisation

The authorised person is hereby authorised for the purposes of section 245B of the Act .

Section 4 Authorisation

The authorised person shall have satisfactory arrangements for recording decisions made in the exercise of the functions it exercises by virtue of its authorisation and for the safekeeping of those records which ought to be preserved.

Section 5 Revocation

The Companies (Defective Accounts) (Authorised Person) Order 1991 is hereby revoked.

Section 6 Transitional Provision

Any proceedings by The Financial Reporting Review Panel Limited under section 245B of the Act which are pending immediately before 6th April 2005 are to continue as proceedings by the authorised person.