Accounts meeting meaning

This checklist sets out the requirements for the content of schemes’ annual reports and accounts under the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734. For fuller guidance on the duty on occupational pension schemes to produce annual reports and accounts, see Practice Note: Pension scheme annual reports and accounts. Requirement to prepare and disclose a pension scheme annual report Trustees of an occupational pension scheme meeting the conditions in the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734, Sch 1, Para 1 must produce an annual report no later than seven months following the close of each scheme year. For further details, see: Disclosure requirements for occupational and personal pension schemes—the 2013 disclosure regulations—Scope of the 2013 Disclosure Regulations. The annual report must be provided to any relevant person (that is, a member, prospective member, their spouse or civil partner, a beneficiary or a recognised trade union) who: requests the document within five years...

In this issue: Key PI and Clinical negligence developments Civil procedure rule committee minutes Psychiatric and occupational stress Injuries caused by animals Claims involving a child Claims involving a fatality Costs and funding Other PI and Clinical negligence news LexTalk® PI & Clinical Negligence: a Lexis®Nexis community Daily and weekly news alerts LexisNexis® Webinars Useful information Key PI and Clinical negligence developments MoJ announces reduction in CFO’s interest rates The Ministry of Justice (MoJ) has confirmed reduced interest rates for the Courts Funds Office (CFO) special and basic accounts. The special account rate moves from 4.75% to 4.50%, while the basic account rate shifts from 3.56% to 3.38%. Effective from 3 March 2025, the revision follows the Bank of England’s base rate cut on 6 February 2025 and is intended to ensure the CFO Service can continue to cover operational costs. See: LNB News 04/03/2025 38...

In this issue: Brexit Headlines Brexit SIs Constitutional and administrative law Equality and human rights Judicial review Public procurement State security and intelligence State accountability and liability Information law Other Public Law news Daily and weekly news alerts New and updated content Free webinars Dates for your diary Trackers Useful information Brexit Headlines UK and EU reaffirm commitment to citizens’ rights under Withdrawal Agreement Following the 18 December 2025 meeting of the Specialised Committee on Citizens’ Rights, the Cabinet Office confirmed that the UK and the EU restated their pledge to fully deliver the citizens’ rights provisions of the Withdrawal Agreement. The session examined progress on Part Two (Citizens’ Rights) and considered continuing matters impacting EU nationals in the UK and UK citizens living in EU member states. The co-chairs welcomed recent legislation clarifying aspects of status for certain EU nationals within the EU Settlement Scheme (EUSS),...

In this issue: Autumn Budget 2024 Brexit highlights Post-Brexit transition guidance Brexit SIs Constitutional and administrative law Judicial review State accountability and liability Public procurement Subsidy control and State aid Projects and infrastructure Management and strategic planning Information law Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Autumn Budget 2024 Autumn Budget 2024—key Public Law announcements In the Autumn Budget 2024, on 30 October 2024, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, set out a series of measures of interest to Public Law practitioners, touching on devolved matters, state security and intelligence, state accountability and liability, Ukraine policy, public procurement, projects and infrastructure, the state pension, and trade. Paul Maile, partner and head of planning and infrastructure consenting at Eversheds Sutherland, and Clive Weber, consultant at Wedlake Bell, provide commentary on the proposals. See:...

ABI Refer to the Association of British Insurers. Accounts meeting The specific general meeting at which a company lays, or proposes to lay, its annual accounts and reports under CA 2006, s 437—most commonly the AGM. Public companies must dispatch copies of their annual accounts and reports no later than 21 days before the date of the relevant accounts meeting (CA 2006, s 424). For more information, see Practice Note: Publication and laying of annual accounts and reports. Accounting reference period (ARP) Typically a twelve‑month period over which a company prepares its accounts. If the company’s accounting period does not match its period of account, or if it extends across more than one financial year, profits must be apportioned (see accounting reference date (ARD) below and Practice Note: Basic principles of corporation tax—overview). Accounting reference date (ARD) A company’s accounting reference period is set by its accounting reference date: the period ends on that date. The ARD is usually the final day of...

Financial and non-financial reporting duties vary between different categories of company. For further detail, see Practice Note: Financial reporting obligations of a company and its directors. For a high-level outline of the statutory reporting regime, consult Practice Notes: Accounts and reports—an outline of the statutory framework and Accounts and reports—individual and group accounts. A short summary of the process required to prepare, approve, publish and file accounts The summary below directs you to fuller guidance for each stage involved in preparing and filing company accounts: preparation of the accounts and reports — see Practice Note: Accounting records and the section Preparing the accounts and reports in Practice Note: Financial reporting obligations of a company and its directors approval and signing of the accounts and reports — see Approval and signing of accounts and reports in Practice Note: Financial reporting obligations of a company and its directors publication of the annual accounts and reports (and, for public companies, laying the annual accounts and reports...

PI & Clinical Negligence horizon scanner—May 2023 [Archived] ARCHIVED: This Practice Note has been archived and is not being maintained at present. It distils the principal legal developments of relevance to personal injury and clinical negligence practitioners as at 19 May 2023. For the most recent horizon scanner, reference should be made to PI and Clinical Negligence horizon scanning—overview. Key PI & Clinical Negligence developments Analysis of the proposed implementation of the extended fixed recoverable costs regime — The Civil Procedure Rule Committee (CPRC) has issued draft amendments needed to implement the expansion of the fixed recoverable costs regime. Andrew Crisp, an associate at Clarion Solicitors, assesses those changes and their effects. See News Analysis: Analysis of the proposed implementation of the extended fixed recoverable costs regime. Fixed costs for noise induced hearing loss cases — From 1 October 2023, claims for noise induced hearing loss will fall within fixed recoverable costs. These rules enact the recommendations of the Civil Justice Council’s (CJC) working...

Part 1, interpretation and limitation of liability Unless the context requires otherwise, these articles use terms defined in the Companies Act 2006 (and any amending or subordinate legislation) and within these articles. Defined terms include: address; articles; bankruptcy (including similar overseas procedures); chair and chair of the meeting (articles 13 and 30); Companies Acts; director (including anyone acting as such); document (including electronic); electronic form/means and hard copy form; instrument; member; ordinary and special resolutions; eligible director; participate; proxy notice; relevant officer (non‑auditor officers of the company or any group undertaking, present or former); subsidiary; and writing (any visible representation, including electronic) The model articles are excluded. Unless otherwise stated, statutory expressions bear the meaning they had when these articles became binding. References to legislation include any modification, re‑enactment or replacement. Singular includes plural and vice versa; masculine includes feminine and neuter; persons include corporations Each member’s liability is limited to £1, payable on a winding up while a member or within one year of ceasing, towards:...

Software escrow Escrow is the arrangement by which two or more parties lodge property or instruments with a dependable third party (an ‘escrow agent’). The escrowed materials are passed to one party once a pre-agreed release condition or trigger occurs, such as that party meeting its obligations or another party failing to meet theirs. Software escrow is a widely used way to protect both software licensors and licensees. Licensors are often unwilling to part with source code and commercially sensitive details about the design of their software. Yet a licensee may feel exposed to the risk of being unable to maintain or support the software if, for example, the licensor becomes insolvent or defaults on its obligations. Depositing those materials with an independent third party in...

Minutes for a meeting of the board of directors (the Meeting) of [ insert full name of company ] Limited (the Company) Convened at: [ insert place of meeting ] Held on: [ insert day, month and year of meeting ] at [ insert time of meeting ] [ am OR pm ] Present [ Insert names of director(s) physically present ] [ Insert names of any directors present by telephone as permitted by the Company’s articles of association ] (by telephone) [ Insert names of any directors present by other means permitted by the Company’s articles of association ] (by [ insert other means ]) In attendance [ Insert names of anyone in attendance, who does not count towards the quorum for the Meeting (eg the company secretary, any legal advisers) ] Apologies [ Insert names of any directors who are unable to attend the Meeting ]...