FL Memo Ltd © 2007

Company Law Memo Newsletter Issue 10 (December 2007)

COMPANIES ACT 2006:  IMPLEMENTATION

The final text of the Companies Act 2006, explanatory notes and tables of destinations and origins are now freely available to download at:  http://www.opsi.gov.uk/acts/acts2006a.htm.

The Act received Royal Assent on 8 November 2006. 

To see when specific sections of the Act will or have come into force, check the implementation timetable on the FL Memo newsletter homepage (follow the link to “Companies Act 2006 implementation timetable”).  This document will be updated as new secondary legislation is passed and further announcements are made.  The implementation timetable is up to date to the recent announcements (see below).

---

New regulations

In addition to the Fifth Commencement Order, BERR has announced that it has published a number of other regulations.  Some are in draft pending approval by Parliament (affirmative resolution), others have been made and will be passed unless Parliament objects (negative resolution).  The regulations mainly concern those parts of the new Act due to be brought into force on 6 April 2008.

Regulation	Status
Fifth Commencement Order (together with explanatory memorandum)	made, but subject to negative resolution
Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 *	in draft pending affirmative resolution
Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 *
Companies Act 2006 (Amendment) (Accounts and Reports) Regulations 2008 *
Statutory Auditors (Delegation etc) Order 2008 *