SCHEDULE 2Amendments made under the European Union (Withdrawal) Act 2018: primary legislation

PART 1Amendments to the Companies Act 2006

I18

In section 399 (duty to prepare group accounts) M1—

a

in subsection (2B)—

i

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

ii

in paragraph (b), for the words from “Directive 2013/34/EU” to the end substitute “ the requirements of this Part of this Act, and ”; and

iii

for paragraph (c) substitute—

c

it—

i

is an undertaking whose transferable securities are admitted to trading on a UK regulated market,

ii

is a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation, or

iii

would be an insurance undertaking within the meaning given by Article 2(1) of Council Directive 91/674/EEC of the European Parliament and of the Council on the annual accounts of insurance undertakings M2 were the United Kingdom a member State.

b

in subsection (3)—

i

in the descriptive text in brackets after “section 400”, for “EEA” substitute “ UK ”; and

ii

in the descriptive text in brackets after “section 401”, for “non-EEA” substitute “ non-UK ”.