Regulation 5

1. The Companies Act 2006 is amended in accordance with this Part of this Schedule.

2. In section 384(2)(b) (companies excluded from the small companies regime), for "regulated market in an EEA State" substitute "UK regulated market".

3. In section 384B(1) (companies excluded from being treated as micro entities) [Section 384B(1)(d) is amended by paragraph 1 of Schedule 1 to these Regulations.] -

(a) in the opening words omit "was";

(b) at the beginning of paragraph (a) insert "was";

(c) in paragraph (b) -

(i) at the beginning insert "would have been";

(ii) at the end before the comma insert "were the United Kingdom a member State";

(d) in paragraph (c) -

(i) at the beginning insert "would have been";

(ii) at the end before the comma insert "were the United Kingdom a member State";

(e) in paragraph (d), for the words from "other than one" to the end substitute "which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation,";