1241[F1Meaning of “registered third country auditor” and “UK-traded non-EEA company”]U.K.
(1)In this Part—
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“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)[F3 In this Part “ UK-traded non-EEA company ” means a body corporate— ]
(a)which is incorporated or formed under the law of [F4a third country] ,
(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.
Textual Amendments
F1S. 1241 heading substituted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 31(2)
F2S. 1241(1): definition omitted (6.4.2008) by virtue of The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 31(3)
F3Words in s. 1241(2) substituted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 31(4)(a)
F4Words in s. 1241(2)(a) substituted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 31(4)(b)
Commencement Information
I1S. 1241 wholly in force at 6.4.2008; s. 1241 not in force at Royal Assent, see s. 1300; s. 1241 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 1241 in force at 6.4.2008 by S.I. 2007/3495, art. 3(1)(u) (with savings in arts. 7, 12, Sch. 4 paras. 37-42)