61U.K.In paragraph 5 of Schedule 11 to the 1986 Act (auditors: appointment, tenure and qualifications)—
(a)in sub-paragraph (2)(c), for the word “subsidiary” there shall be substituted the words “ subsidiary undertaking ”; and
(b)in sub-paragraph (4), for the words “sub-paragraph (1)(f)” there shall be substituted the words “ sub-paragraph (1)(b) ”.