C5C4C7C3C9C8C6C2Part 16Audit

Annotations:
Modifications etc. (not altering text)
C5

Pt. 16 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C3

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C3Chapter 7Supplementary provisions

C1C10C3539Minor definitions

In this Part—

  • “e-money issuer” F3means—

    1. a

      an electronic money institution, within the meaning of the Electronic Money Regulations 2011 ( S.I. 2011/99), or

    2. b

      a person who has permission under F11Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on the activity of issuing electronic money within the meaning of article 9B of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544);

  • F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F2 “MiFID investment firm” means an investment firm within the meaning of F6Article 2(1A) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No. 648/2012, other than—

    1. a

      a company F10which is exempted from the definition of “investment firm” by Schedule 3 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544), F7...

    2. b

      F9a company which is an exempt investment firm as defined by regulation 8 (Meaning of “exempt investment firm” in Chapter 1) of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 F8(S.I. 2017/701), and

    3. c

      F5any other company which fulfils all the requirements set out in regulation 6(3) of those Regulations;

  • “qualified”, in relation to an auditor's report (or a statement contained in an auditor's report), means that the report or statement does not state the auditor's unqualified opinion that the accounts have been properly prepared in accordance with this Act or, in the case of an undertaking not required to prepare accounts in accordance with this Act, under any corresponding legislation under which it is required to prepare accounts;

  • “turnover”, in relation to a company, means the amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of—

    1. a

      trade discounts,

    2. b

      value added tax, and

    3. c

      any other taxes based on the amounts so derived;

  • “UCITS management company” has the meaning given by the Glossary forming part of the Handbook made by the F4Financial Conduct Authority under the Financial Services and Markets Act 2000.