The Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016

• Citation: S.I. 2016/571
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016, and come into force on 1st June 2016.

Section 2 Exemption from liability

(1) The exemption from liability in subsections (3) and (4) of section 18A (power to confer exemption from liability) of the Act applies to—

(a) the Financial Reporting Council Limited, ...

(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

in accordance with paragraph (2) .

(2) The section 16(2) activities which are specified under section 18A(3) of the Act in relation to the exemption from liability provided for under paragraph (1)(a) are the activities within subsection 2(a) to (t) of section 16 (grants to bodies concerned with accounting standards etc) of the Act.

(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4) In this regulation “ the Act ” means the Companies (Audit, Investigations and Community Enterprise) Act 2004.