Companies Act 2014
F869[Obligation to prepare a consolidated payment report
1451. (1) Subject to subsection (2) and sections 1454, 1456 and 1457, the directors of a holding company which is a large company or a relevant company shall—
(a) if the holding company is obliged to prepare group financial statements in accordance with section 293, and
(b) if the holding company or any of its subsidiary undertakings is—
(i) a mining or quarrying undertaking, or
(ii) a logging undertaking,
prepare and make available to the public each year a consolidated report on payments made to governments for each financial year of the holding company (in this Part referred to as a "consolidated payment report").
(2) This section shall not apply to the directors of—
(a) a holding company of a small group, except where any group undertaking is a relevant undertaking, or
(b) a holding company of a medium group, except where any group undertaking is a relevant undertaking.]
Annotations
Amendments:
F869
Inserted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 87, S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.