(1) Part 42 of the Companies Act 2006 is amended as follows.

(2) In section 1210 (meaning of "statutory auditor" etc) [Section 1210(3) was amended by S.I. 2008/565, 2012/1809 and 2013/3115; there are other instruments amending section 1210 but none is relevant. ] -

(a) for subsection (1)(c) substitute -

"(c) a person appointed as auditor of a friendly society under section 72 of or Schedule 14 to the Friendly Societies Act 1992 [1992 c. 40.], where that society is -

(i) an insurer, or

(ii) an issuer whose transferable securities are admitted to trading on a regulated market;";

(b) in subsection (3), at the appropriate places insert -

""issuer" has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 [2000 c. 8.] (see section 102A(6) [Section 102A was substituted for section 103 as originally enacted by S.I. 2005/1433. Subsection (6) was amended by paragraph 10 of Schedule 15 to the Companies Act 2006 (c. 46) and by S.I. 2015/1755; there are other amendments to the section but none is relevant.]);" and