SCHEDULE 2Amendments to primary and secondary legislation

PART 2Amendments to other primary legislation

Companies Act 2006

42.

(1)

The Companies Act 2006 M1 is amended as follows.

(2)

In section 1173(1) M2 (minor definitions: general) for the definition of “credit institution” substitute—

““credit institution” means a credit institution as defined in Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council.”

(3)

In section 1210(3) M3 (meaning of “statutory auditor”), in the definition of “bank”, for paragraph (a) substitute—

“(a)

is a credit institution within the meaning of Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, and”.