Section 1173 applies to LLPs for the purposes of these Regulations, modified so that it reads as follows -

"1173. Minor definitions: general

(1) In this Act -

"the Audit Regulation" means Regulation 537/2014 of the European Parliament and of the Council on specific requirements regarding statutory audit of public interest entities [OJ No L 158, 27.05.14, p. 77.];

"body corporate" includes a body incorporated outside the United Kingdom, but does not include -

(a) a corporation sole, or

(b) a partnership that, whether or not a legal person, is not regarded as a body corporate under the law by which it is governed;

"the competent authority" means the Financial Reporting Council Limited [A company registered in England and Wales with number 02486368.];

"EU regulated market" has the meaning given in Article 2.1.13B of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012;

"firm" means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole and a partnership or other unincorporated association;

"parent LLP" means an LLP that is a parent undertaking (see section 1162 and Schedule 7);

"regulated activity" has the meaning given by section 22 of the Financial Services and Markets Act 2000 (c.8);