After paragraph 20 of Schedule 10 to the Companies Act 2006 (promotion and maintenance of standards), insert -

"20A. Interpretation

In this Part of this Schedule -

"public interest entity" means an issuer -

(a) whose transferable securities are admitted to trading on a regulated market; and

(b) the audit of which is a statutory audit (see section 1210(1));

"issuer" and "regulated market" have the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see sections 102A to 103); and

"transferable securities" means anything which is a transferable security for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments.".