{
  "url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-regulations-2017/regulation-9",
  "json_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-regulations-2017/regulation-9.json",
  "legislation": "uksi/2017/516",
  "legislation_title": "The Statutory Auditors and Third Country Auditors Regulations 2017",
  "legislation_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-regulations-2017",
  "path": "regulation/9",
  "kind": "regulation",
  "number": "9",
  "heading": null,
  "text": "In section 78A (interpretation of Part 6), for subsection (3) substitute—\n“(3) References in this Part to a friendly society to which the Audit Directive applies are to a friendly society that is—\n(a) an insurance undertaking within the meaning given by Article 2.1 of Council Directive 1991/674/EEC on the annual accounts and consolidated accounts of insurance undertakings, or\n(b) an issuer whose transferable securities are admitted to trading on a regulated market.\n(4) In subsection (3)—\n(a) “issuer” and “regulated market” have the same meaning as in Part 6 of the Financial Services and Markets Act 2000; and\n(b) “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 78A was inserted by S.I. 2005/2211, and subsection (3) was inserted by S.I. 2008/948. There are other amendments but none is relevant."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ No. L 374 31.12.91, p .7."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "2000 c. 8. See sections 102A(6) and 103(1)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "OJ No. L 145 30.04.04, p. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/516/regulation/9",
    "retrieved_at": "2026-10-28T23:11:33.673441+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."
}