Regulation 25 Amendment of Part 42 of the Companies Act 2006

omit the definition of “the Audit Directive”^f1;

in the definition of “audit working papers and investigation reports”^f2, in paragraphs (a), (b) and (c) omit “, an EEA auditor”;

omit the definitions of “EEA auditor” and “EEA competent authority”^f3;

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^f4;”;

in the definition of “third country”^f5, for “that is not an EEA State or part of an EEA State” substitute “other than the United Kingdom”;

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

after the definition of “transfer”^f6, 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;”;