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The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016

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25.—(1) Regulation 55(1) (minor definitions) is amended as follows.

(2) In section 1173(1) (minor definitions: general), after the definition of “regulated market”, insert—

““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(2)”.

(1)

Regulation 55 was amended by S.I. 2009/1804, regulation 85 and paragraph 15 of Part 2 of Schedule 3.

(2)

OJ L 145, 30.4.04, p.1, as last amended by Directive 2010/78/EU.

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