{
  "url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-25",
  "json_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-25.json",
  "legislation": "uksi/2019/177",
  "legislation_title": "The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019",
  "path": "regulation/25",
  "kind": "regulation",
  "number": "25",
  "heading": null,
  "text": "In section 1261 (minor definitions)—\n(a) in subsection (1)—\n(i) omit the definition of “the Audit Directive”;\n(ii) in the definition of “audit working papers and investigation reports”, in paragraphs (a), (b) and (c) omit “, an EEA auditor”;\n(iii) omit the definitions of “EEA auditor” and “EEA competent authority”;\n(iv) after the definitions of “parent undertaking” and “subsidiary undertaking”, insert—\n““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 ;”;\n(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 ”;\n(vi) in the definition of “third country auditor”, omit “an EEA auditor or”;\n(vii) after the definition of “transfer”, insert—\n““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;\n“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;”;\n(b) omit subsection (2A) .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "The definition of “the Audit Directive” was inserted by regulation 2(2) of S.I. 2007/3494."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "The definition of “audit working papers” was inserted by regulation 2(2) of S.I. 2007/3494 and substituted to “audit working papers and investigation reports” by paragraph 51(2)(a) of Schedule 3 to S.I. 2016/649."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "The definitions “EEA auditor” and “EEA competent authority” were inserted by regulation 2(2) of S.I. 2007/3494."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "OJ No. L 173 12.06.2014, p. 84."
    },
    {
      "type": "M",
      "label": "M5",
      "text": "The definition of “third country” was inserted by regulation 2(2) of S.I. 2007/3494."
    },
    {
      "type": "M",
      "label": "M6",
      "text": "The definition of “transfer” was inserted by regulation 6(4) of S.I. 2010/2537, and amended by paragraph 51(2)(e) of Schedule 3 to S.I. 2016/649."
    },
    {
      "type": "M",
      "label": "M7",
      "text": "Section 1261(2A) was inserted by regulation 2(3) of S.I. 2007/3494."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 25 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/177/regulation/25",
    "retrieved_at": "2026-10-28T22:48:03.928748+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."
}