(1) This Chapter applies to a credit or financial institution to which this Part applies that -

(a) is required by its parent law to prepare and have audited accounts;

(b) [deleted]

(2) In relation to an institution to which this Chapter applies -

"accounting documents" in relation to a financial period of the institution, means -

(a) the accounts of the institution for the period, including, if it has one or more subsidiaries, any consolidated accounts of its group,

(b) any annual report of the directors for the period,

(c) any report of the auditors on the accounts mentioned in sub-paragraph (a),

(d) any report of the auditors on the report mentioned in sub-paragraph (b),

and for this purpose "subsidiaries" and "consolidated group accounts" have the meaning given to them by the institution’s parent law;

"director", in the case of an institution which does not have directors, means persons occupying equivalent offices;