Regulation 53 I1

United Kingdom

In Part 13 (removal, resignation, etc of auditors), in regulation 46 (auditor statements), in the modified section 519A M1—

(a)

in subsection (1), in the definition of “public interest LLP”—

(i)

in paragraph (a), for “regulated market” substitute “ UK regulated market ”;

(ii)

in paragraph (b), for “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” substitute “ which is a CRR firm within the meaning of Article 4(1)(2A) of the same Regulation ”;

(b)

in subsection (2), omit the definitions of “regulated market” and “transferable securities”.

Annotations

Marginal citations

M1: Section 519A of the Companies Act 2006, as set out in regulation 46, was inserted by paragraph 19(b) of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

Commencement

I1: Reg. 53 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2