S.I. No. 83/2010 - European Communities (Directive 2006/46/EC) (Amendment) Regulations 2010.
Notice of the making of this Statutory Instrument was published in |
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"Iris Oifigiúil" of 2nd March, 2010. |
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I, MARY COUGHLAN, Minister for Enterprise, Trade and Employment, in exercise of the powers conferred on me by section 3 of the section 193 of the Companies Act 1990 (No. 33 of 1990) for that financial year, shall state in their report whether, in their opinion, the description, in the corporate governance statement, of the main features of the internal control and risk management systems referred to in Regulation 11A(1) is consistent with the group accounts for that financial year.". |
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8. Paragraph 66B (inserted by Regulation 18 of the Principal Regulations) of Part 1 of the Schedule to the Credit Institutions Regulations is amended- |
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(a) in subparagraph (2), by substituting "The provision of particulars" for "Subject to subparagraph (4), the provision of particulars", and |
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(b) by deleting subparagraph (4). |
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9. Regulation 16 of the Insurance Undertakings Regulations is amended by substituting the following paragraph for paragraph (2) (inserted by Regulation 23 of the Principal Regulations): |
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"(2) Where a parent undertaking referred to in Regulation 14A produces a corporate governance statement in respect of a financial year in a separate report in accordance with Regulation 14A(3), the auditors of that parent undertaking, when preparing their report under section 193 of the Act of 1990 for that financial year, shall state in their report whether, in their opinion, the description, in the corporate governance statement, of the main features of the internal control and risk management systems referred to in Regulation 14A(1) is consistent with the group accounts for that financial year.". |
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10. Paragraph 19B (inserted by Regulation 24 of the Principal Regulations) of Part III of the Schedule to the Insurance Undertakings Regulations is amended- |
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(a) in subparagraph (2), by substituting "The provision of particulars" for "Subject to subparagraph (4), the provision of particulars", and |
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(b) by deleting subparagraph (4). |
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GIVEN under my Official Seal, |
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25 February 2010. |
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MARY COUGHLAN, |
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Minister for Enterprise, Trade and Employment. |
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EXPLANATORY NOTE |
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(This note is not part of the Instrument and does not purport to be a legal interpretation) |
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These Regulations, along with the European Communities (Directive 2006/46/EC) Regulations 2009, S.I. No. 450 of 2009 , give effect to Directive 2006/46/EC of the European Parliament and of the Council, of 14 June 2006. |
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Directive 2006/46/EC amends Council Directives 78/660/EEC on the annual accounts of certain types of companies, 83/349/EEC on consolidated accounts, 86/635/EEC on the annual accounts and consolidated accounts of banks and other financial institutions and 91/674/EEC on the annual accounts and consolidated accounts of insurance undertakings. |
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The present Regulations clarify certain aspects of S.I. No. 450 of 2009 . |
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1 OJ No. L224, 16.8.2006, p.1. 2 OJ. No. L243, 11.9.2002, p.1. |