The Companies Act 1985 (Small Companies’ Accounts and Audit) Regulations 2006
These Regulations amend the accounting and auditing provisions in Part 7 of the Companies Act 1985 (“the 1985 Act”) as they apply to small companies. They extend to small companies which have permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity, the accounting and audit exemptions afforded to other small companies by Part 7, unless such companies are—authorised insurance companies (within the meaning of section 742C of the 1985 Act);banking companies (within the meaning of section 742B of the 1985 Act);e-money issuers (see regulation 6 amending section 262 of the 1985 Act);ISD investment firms (see regulation 6 amending section 262 of the 1985 Act);UCITS management companies (see regulation 6 amending section 262 of the 1985 Act).