38 Exemption from liability for bodies concerned with accounting standards etc

Liability of Bodies Concerned with Accounting Standards

38  Exemption from liability for bodies concerned with accounting standards etc

(1)     After section 18 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 insert—

“18A Power to confer exemption from liability

(1)     The Secretary of State may by order or regulations provide for the exemption from liability in subsections (3) and (4) to apply to specified bodies or persons (referred to in this section as “exempt persons”).

(2)     The order or regulations may provide for the exemption to apply subject to specified conditions

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