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The Companies (Directors' Remuneration and Audit) (Amendment) Regulations 2025
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Chapter 9 of Part 15
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7.—(1) In the heading to Chapter 9 of Part 15 (quoted companies and traded companies: members’ approval of directors’ remuneration report)(1), omit “and traded companies”.
(2) In section 439 (quoted companies and traded companies: members’ approval of directors’ remuneration report)(2)—
(a)in the heading, omit “and traded companies”;
(b)in subsection (1), for “company to which this section applies” substitute “quoted company”;
(c)omit subsection (1A).
(3) In section 439A (quoted companies and traded companies: members’ approval of directors’ remuneration policy)(3)—
(a)in the heading, omit “and traded companies”;
(b)in subsection (1)—
(i)in the opening words, omit “or unquoted traded company”;
(ii)in paragraph (a), omit “or (as the case may be) an unquoted traded company”;
(c)in subsections (2), (2A) and (3), omit “or unquoted traded company”;
(d)in subsection (8), omit paragraph (c).
(4) In section 440 (quoted companies and traded companies: offences in connection with procedure for approval)(4), in the heading omit “and traded companies”.
(1)
The heading was amended by S.I. 2019/970.
(2)
Subsection (1) was amended by section 79(3) of the Enterprise and Regulatory Reform Act 2013; the heading, subsection (1) and subsection (1A) were amended by S.I. 2019/970.
(3)
Section 439A was inserted by section 79(4) of the Enterprise and Regulatory Reform Act 2013; the heading, subsections (1), (2), (3), (4) and (8) were amended, and subsection (2A) was inserted, by S.I. 2019/970.
(4)
The heading to section 440 was amended by S.I. 2019/970.
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