Companies Act 2006

1241 Meaning of “third country auditor”, “registered third country auditor” etc

(1) In this Part—

• “third country auditor” means the auditor of the accounts of a traded non-Community company, and the expressions “third country audit” and “third country audit work” are to be construed accordingly;

• “registered third country auditor” means a third country auditor who is entered in the register kept in accordance with regulations under section 1239(1).

(2) In subsection (1) “traded non-Community company” means a body corporate—

(a) which is incorporated or formed under the law of a country or territory which is not a member State or part of a member State,

(b) whose transferable securities are admitted to trading on a regulated market situated or operating in the United Kingdom, and

(c) which has not been excluded, or is not of a description of bodies corporate which has been excluded, from this definition by an order made by the Secretary of State.

(3) For this purpose—

• “regulated market” has the meaning given by Article 4.1(14) of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments;

• “transferable securities” has the meaning given by Article 4.1(18) of that Directive.

(4) An order under this section is subject to negative resolution procedure.