# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018, Regulation 25: Amendment of Part 42 of the Companies Act 2006


In section 1261 (minor definitions)—
(a) in subsection (1)—
(i) omit the definition of “the Audit Directive”;
(ii) in the definition of “audit working papers and investigation reports”, in paragraphs (a), (b) and (c) omit “, an EEA auditor”;
(iii) omit the definitions of “EEA auditor” and “EEA competent authority”;
(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;”;
(v) in the definition of “third country”, 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”, 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).

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174333/regulation/25 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.