Regulation 8 I1

United Kingdom

In section 519A (meaning of “public interest company”, “non-public interest company” and “exempt reasons”) M1—

(a)

in subsection (1), in the definition of “public interest company”M2—

(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 that Regulation ”;

(iii)

for paragraph (c), substitute—

“(c)
a person who would be an insurance undertaking as defined in Article 2(1) of Council Directive 91/674/EEC of 19 December 1991 of the European Parliament and of the Council on the annual accounts and consolidated accounts of insurance undertakings as that Article had effect immediately before F1IP completion day, were the United Kingdom a member State;”;

(b)

in subsection (2), omit the definitions of “regulated market”M3 and “transferable securities”M4.

Annotations

Textual amendments

F1: Words in reg. 8(a)(iii) substituted (31.12.2020 immediately before IP completion day) by The Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/523), regs. 1(2), 14(c)

Marginal citations

M1: Section 519A was inserted by section 18(3) of the Deregulation Act 2015 (c. 20).
M2: The definition of “public interest company” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.
M3: The definition of “regulated market” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.
M4: The definition of “transferable securities” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649, and amended by paragraph 9(4) of Schedule 4 to S.I. 2017/701.

Commencement

I1: Reg. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2