In section 1241 (meaning of "registered third country auditor" and "UK-traded non-EEA company") -

(a) in the heading [The heading for section 1241 was substituted by regulation 31(2) of S.I. 2007/3494.], for "UK-traded non-EEA company" substitute "UK-traded third country company";

(b) in subsection (2) [Section 1241(2) was amended by regulation 31(4) of S.I. 2007/3494.] -

(i) for "UK-traded non-EEA company" substitute "UK-traded third country company";

(ii) in paragraph (b), for "regulated market" substitute "UK regulated market" and omit "situated or operating in the United Kingdom";

(c) omit subsection (3) [Subsection (3) was amended by paragraph 9(8)(a) and (b) of Schedule 4 to S.I. 2017/701.].