
1 
These Regulations may be cited as the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016, and come into force on 1st June 2016.
2 

(1) The exemption from liability in subsections (3) and (4) of section 18A (power to confer exemption from liability) of the Act applies to—
(a) the Financial Reporting Council Limited, ...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
in accordance with  paragraph (2) .
(2) The section 16(2) activities  which are specified under section 18A(3) of the Act in relation to the exemption from liability provided for under paragraph (1)(a) are the activities within  subsection 2(a) to (t) of section 16 (grants to bodies concerned with accounting standards etc) of the Act.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) In this regulation  “the Act” means the Companies (Audit, Investigations and Community Enterprise) Act 2004.
Neville-Rolfe

Parliamentary Under Secretary of State for Business, Innovation and Skills

Department for Business, Innovation and Skills
