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- Point in Time (17/06/2016)
- Original (As enacted)
Version Superseded: 01/05/2017
Point in time view as at 17/06/2016. This version of this provision has been superseded.
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There are currently no known outstanding effects for the Companies Act 2006, Section 494A.
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In this Chapter—
“audit committee” means a body which performs the functions referred to in Article 39(6) of the Audit Directive or equivalent functions;
“Audit Directive” means Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC;
“Auditor General” means—
the Comptroller and Auditor General,
the Auditor General for Scotland,
the Auditor General for Wales, or
the Comptroller and Auditor General for Northern Ireland;
“issuer” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 102A(6));
“network” means an association of persons other than a firm co-operating in audit work by way of—
profit-sharing;
cost sharing;
common ownership, control or management;
common quality control policies and procedures;
common business strategy; or
use of a common name;
“public interest company” means—
an issuer whose transferable securities are admitted to trading on a regulated market;
a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, 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;
an insurance undertaking within the meaning given by Article 2(1) of Council Directive 1991/674/EEC of the European Parliament and of the Council on the annual accounts and consolidated accounts of insurance undertakings;
“regulated market” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 103(1));
“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.]
Textual Amendments
F1S. 494A inserted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 12 (with reg. 1(12))
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