The Statutory Auditors, Third Country Auditors and International Accounting Standards (Amendment) (EU Exit) Regulations 2019

4.  For regulation 4 substitute—

“4.   In section 479A (subsidiary companies: conditions for exemption from audit) M1 —

(a) in subsection (1)(b), for “an EEA State” substitute “ any part of the United Kingdom ”;

(b) in subsection (2)(c), for sub-paragraph (i) substitute—

“(i) if the undertaking is a company, the requirements of Part 15 of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or”.

4A.   In section 479C(2) (subsidiary companies audit exemption: parent undertaking declaration of guarantee) M2 —

(a) for paragraph (b) substitute—

“(b) the registered number (if any) of the parent undertaking,”;

(b) omit paragraph (c).”.

Commencement Information

I1 Reg. 4 in force immediately before IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

M1 Section 479A was inserted by S.I. 2012/2301 and amended by S.I. 2015/980.

M2 Section 479C was inserted by S.I. 2012/2301.