PART 2Amendment of primary legislation

CHAPTER 2Part 42 of the Companies Act 2006

I125

In section 1261 (minor definitions)—

a

in subsection (1)—

i

omit the definition of “the Audit Directive”M1;

ii

in the definition of “audit working papers and investigation reports”M2, in paragraphs (a), (b) and (c) omit “, an EEA auditor”;

iii

omit the definitions of “EEA auditor” and “EEA competent authority”M3;

iv

after the definitions of “parent undertaking” and “subsidiary undertaking”, insert—

“regulated market” has the meaning given in Article 2(1)(13) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012 M4;

v

in the definition of “third country”M5, for “that is not an EEA State or part of an EEA State” substitute “ other than the United Kingdom ”;

vi

in the definition of “third country auditor”, omit “an EEA auditor or”;

vii

after the definition of “transfer”M6, insert—

“transferable securities” has the meaning given in Article 2(1)(24) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012;

“UK regulated market” has the meaning given in Article 2(1)(13A) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012;

b

omit subsection (2A) M7.