Regulation 4

For regulation 4 substitute—

“4.

In section 479A (subsidiary companies: conditions for exemption from audit)^f1—

(a)

in subsection (1)(b), for “an EEA State” substitute “any part of the United Kingdom”;

(b)

in subsection (2)(c), for sub-paragraph (i) substitute—

“(i)

if the undertaking is a company, the requirements of Part 15 of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or”.

4A.

In section 479C(2) (subsidiary companies audit exemption: parent undertaking declaration of guarantee)^f2—

(a)

for paragraph (b) substitute—

“(b)

the registered number (if any) of the parent undertaking,”;

(b)

omit paragraph (c).”.