5 Cases where exemption from audit not available
1 Section 249B(1) of the 1985 Act (cases where exemption from audit not available) is amended as follows.
Section 249B was inserted by regulation 2 of S.I. 1994/1935, and amended by regulation 10 of S.I. 1996/189, by regulation 3 of S.I. 1997/936, by regulation 4 of S.I. 2000/1430 and by regulation 16 of S.I. 2005/2280.
2 For paragraph (b) substitute—

“(b) it was an authorised insurance company, a banking company, an e-money issuer, an ISD investment firm or a UCITS management company,”

.
3 Omit paragraph (d).