Companies (Accounting) Act 2017

Application of section 393 to a company to which Part 23 applies

83. The Principal Act is amended by the insertion of the following Chapter after Chapter 4:

“CHAPTER 5

Application of section 393 to a company to which Part 23 applies

Application of section 393 to a company to which Part 23 applies

1384A. (1) Section 393 shall apply to a company to which this Part applies, as if—

(a) in subsection (1), the following were substituted for “there are reasonable grounds for believing that a category 1 or 2 offence may have been committed by the company or an officer or agent of it,”:

”there are reasonable grounds for believing that a category 1 or 2 offence, a serious Market Abuse offence, a Prospectus offence or a serious Transparency offence may have been committed by the company or an officer or agent of it,”, and

(b) the following subsection were inserted after subsection (6):

“(7) In this section—

‘serious Market Abuse offence’ means an offence referred to in section 1368;

‘serious Prospectus offence’ means an offence referred to in section 1356;

‘serious Transparency offence’ means an offence referred to in section 1382.”.