The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011

• Citation: S.I. 2011/2198
• Sections: 13

Section 1 Citation, commencement, interpretation and application

(1) These Regulations may be cited as the Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011.

(2) These Regulations come into force on 1st October 2011.

(3) In these Regulations “the principal Regulations ” means the Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 .

(4) The amendments made by these Regulations apply in relation to the accounts of a company for any financial year beginning on or after 1st October 2011.

(5) The accounts of a company for any financial year beginning before 1st October 2011 may be completed in accordance with the principal Regulations as amended by these Regulations.

Section 2 Amendments to regulation 5 of the principal Regulations

In regulation 5(1)(a) of the principal Regulations, after “the company’s auditor” insert “,or an associate of the company’s auditor,”.

Section 3 Amendments to regulation 5 of the principal Regulations

In regulation 5(3) of the principal Regulations, for “Schedule 2” substitute “Schedule 2A”.

Section 4 Amendments to regulation 5 of the principal Regulations

In regulation 5(6) of the principal Regulations, for “paragraph 10 of Schedule 2” substitute “paragraph 8 of Schedule 2A”.

Section 5 Replacement of Schedule 2 to the principal Regulations

For Schedule 2 of the principal Regulations substitute Schedule 2A as set out in the Schedule to these Regulations.

Section 1

The auditing of accounts of any associate of the company.

Section 2

Audit-related assurance services.

Section 3

Taxation compliance services.

Section 4

All taxation advisory services not falling within paragraph 3.

Section 5

Internal audit services.

Section 6

All assurance services not falling within paragraphs 1 to 5.

Section 7

All services relating to corporate finance transactions entered into, or proposed to be entered into, by or on behalf of the company or any of its associates not falling within paragraphs 1 to 6.

Section 8

All non-audit services not falling within paragraphs 2 to 7.