Paragraph 16 The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

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

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

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^f2 were the United Kingdom a member State.”;

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

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

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

in the opening words of paragraph (b), omit “, according to that law”;

for paragraph (b)(i) substitute—

“(i)

if the undertaking is a company, in accordance with the requirements of this Part 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”;

in paragraph (d)(i), omit “(whether in or outside the United Kingdom)”;

omit sub-paragraph (i);

in sub-paragraph (ii), for “so drawn up” substitute “drawn up in accordance with the requirements of this Part of this Act”;