Regulation 5 Amendment of Part 16 of the Companies Act 2006

in subsection (5)(a)(ii), omit “and” at the end;

for subsection (5)(a)(iii) substitute—

“(iii)

if the company is a private company and does not have an audit committee, a selection procedure that complies with the requirements of section 485B(4),

(iv)

if the company is a public company and does not have an audit committee, a selection procedure that complies with the requirements of section 489B(4),”;

in subsection (5)(b) after “Audit Regulation” insert “as it had effect immediately before exit day”.