Companies Act 2014 section 1378

DAC or CLG that is a traded company may not file abridged financial statements

Section 1378 prevents designated activity companies (DACs) and companies limited by guarantee (CLGs) that are traded companies from filing abridged financial statements.

• Traded DACs and CLGs cannot file abridged financial statements with the CRO
• The exemptions available to small and medium companies under Sections 352 to 356 do not apply to these entities
• Full financial statements must be publicly disclosed by traded DACs and CLGs
• This ensures transparency for companies whose securities are traded on a regulated market