SCHEDULE 2Amendments of subordinate legislation

PART 1Amendments of Electronic Money Regulations 2011

I19

1

Regulation 25 (accounting and statutory audit) is amended as follows.

2

In paragraph (2), for the words from “statutory auditors” to the end substitute “ statutory auditor ”.

3

In paragraph (3), omit “or audit firm”.

4

At the end insert—

6

In this regulation “statutory auditor” has the same meaning as in Part 42 of the Companies Act 2006 M1 (see section 1210 of that Act).