# The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016, Regulation 22: Exemption from audit: qualifying subsidiaries


(1) Regulation 34A (exemption from audit: qualifying subsidiaries) is amended as follows.
(2) In section 479A(2)(c) (subsidiary LLPs: conditions for exemption from audit), for sub-paragraph (i) substitute—
“(i) the provisions of Directive 2013/34/EU of 26 June 2013 on the annual financial statements etc. of certain types of undertakings, or”.
(3) In section 479B (LLPs excluded from the subsidiary audit exemption), before paragraph (a) insert—
“(za) a traded LLP as defined in section 474(1),”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111144787/regulation/22 (the official version)
Page: https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.