In these Regulations -
(a) "auditor" means any firm or individual who is -
(i) a statutory auditor within the meaning of Part 42 of the Companies Act 2006 [2006 c.46. Section 1210 was amended by S.I. 2008/565; 2008/567; 2008/1950; 2012/1809 and 2013/3115.] (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor), or
(ii) a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit) [2014 c.2.], when carrying out an audit required by that Act.
(b) "insolvency practitioner" means any firm or individual who acts as an insolvency practitioner within the meaning of section 388 of the Insolvency Act 1986 [1986 c.45. Section 388 was amended by section 11(1) of the Bankruptcy (Scotland) Act 1993 (c.6); section 4(2) of the Insolvency Act 2000 (c.39); paragraph 2(11) of Schedule 6 to the Deregulation Act 2015 (c.20) and by S.I 1994/2421; 2002/1240
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