{
  "url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-regulations-2016/schedule-3/paragraph-26",
  "json_url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-regulations-2016/schedule-3/paragraph-26.json",
  "legislation": "ukdsi/2016/9780111147047",
  "legislation_title": "The Statutory Auditors and Third Country Auditors Regulations 2016",
  "legislation_url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-regulations-2016",
  "path": "schedule/3/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": null,
  "text": "(1) Section 519A (meaning of “public interest company”, “non-public interest company” and “exempt reasons”) is amended as follows.\n(2) In subsection (1) for the definition of “public interest company” substitute—\n““public interest company” means a company which is—\n(a) an issuer whose transferable securities are admitted to trading on a regulated market;\n(b) 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, other than one listed in Article 2 of Directive 2013/36/EU of the European Parliament and of the Council on access to the activity of credit institutions and investment firms; or\n(c) an insurance undertaking within the meaning given by Article 2(1) of Council Directive 1991/674/EEC of the European Parliament and of the Council on the annual accounts and consolidated accounts of insurance undertakings;”.\n(3) For subsection (2) substitute—\n“(2) For the purposes of the definition of “public interest company”—\n“issuer” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 102A(6));\n“regulated market” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 103(1));\n“transferable securities” means anything which is a transferable security for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 519A was inserted by section 18 of the Deregulation Act 2015."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ No L 176, 27.6.2013, p.1-337."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "OJ No L 176, 27.6.2013, p. 338- 436."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "OJ No L 374, 31.12.1991, p.7- 31."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Section 102A was substituted by S.I. 2005/1433 and amended by S.I. 2015/1755."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Section 103 was substituted for section 103 by S.I. 2005/1433 and amended by paragraph 11(2) of Schedule 15(1) to the Companies Act 2006 (c.46)."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "OJ No L 145, 30.4.2004, p.1- 44."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2016/9780111147047/schedule/3/paragraph/26",
    "retrieved_at": "2026-10-30T15:08:11.802976+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}