The Companies (Audit, Investigations and Community Enterprise) Act 200411 is amended as follows.

In subsection (6) of section 15A for the words “in the” to the end substitute “the reference to twelve months is to be read as a reference to the general limit in a magistrates’ court (or to six months in the case of an offence committed before 2 May 2022).”.

In subsection (6) of section 15C, for the words “in the” to the end substitute “the reference to twelve months is to be read as a reference to the general limit in a magistrates’ court (or to six months in the case of an offence committed before 2 May 2022).”.

In paragraph 5(3) of Schedule 7 for “six” substitute “six months”.