Companies (Accounting) Act 2017

Amendment of section 323 of Principal Act

39. Section 323 of the Principal Act is amended—

(a) in subsection (1), by the substitution of “Subject to the provisions of this section,” for “Subject to subsection (2),”, and

(b) by the insertion of the following subsection after subsection (1):

“(1A) A company that—

(a) qualifies for the small companies regime shall be exempt from the requirement to disclose the financial impact on the company of arrangements referred to in subsection (1), and

(b) qualifies for the micro companies regime shall be exempt from the requirements of subsection (1).”.