Small companies acting as financial intermediaries and carrying on activities such as arranging or advising on mortgages or engaging in general insurance mediation can once again opt to have unaudited accounts. This is provided they have a turnover of £5.6 million or less, a balance sheet total of £2.8 million or less, and would otherwise qualify as small but for their regulated activities.

These companies had been brought within the scope of the Financial Services and Markets Act 2000 as a result of changes made in October 2004 and January 2005 but the position has been reversed with effect from 5 September 2005.
The new legislation is contained in regulations 13 and 17 of the Companies Act 1985 (Investment Companies and Accounting and Audit Amendments) Regulations 2005 (SI 2005/2280).