PART 3Amendment of subordinate legislation

I150

In Part 10 (audit requirement)—

a

in regulation 34 (exemption from audit: small LLPs), in the modified section 478(a), for “regulated market in an EEA State” substitute “ UK regulated market ”;

F1b

in regulation 34A (exemption from audit: qualifying subsidiaries), in the modified section 479A—

i

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

ii

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

c

in regulation 34A, in the modified section 479C(2)—

i

for paragraph (b) substitute—

b

the registered number (if any) of the parent undertaking,

ii

omit paragraph (c).