UK: Deregulation Bill introduced in Parliament

The Deregulation Bill was introduced in Parliament earlier this week. A copy of the Bill, as introduced, is available here or here (pdf). Explanatory notes for the Bill are available here or here (pdf). Clause 11 will amend Chapter 4, Part 16, of the Companies Act 2006 in respect of the reporting requirements imposed on auditors when ceasing to hold office. Clause 12 introduces various changes to insolvency and company law, set out more fully in Schedule 5.