In regulation 2 (interpretation) -

(a) in the second definition paragraph beginning with "appropriate qualification" -

(i) omit "EEA auditor" and "EEA competent authority";

(ii) after ""audited person"," insert ""equivalent third country",";

(iii) after ""parent undertaking"," insert ""regulated market",";

(iv) for ""third country" and "third country auditor"" substitute ""third country", "third country auditor", "transferable securities", "transitional third country" and "UK regulated market"";

(b) in the definition of "audit reporting requirements", in paragraph (h), for "to which the Audit Directive applies ("friendly society to which the Audit Directive applies" has the meaning given by section 78A(3) of that Act)" substitute "which is subject to special requirements under that Act [1992 c. 40. Section 78A was inserted by paragraph 3 of the Schedule to S.I. 2005/2211. Subsection (3) was inserted by paragraph 15(3) of Schedule 1 to S.I. 2008/948, substituted by regulation 9 of S.I. 2017/516 and amended regulation 7(b) of S.I. 2018/1039.] (see section 78A(3) of that Act)";

(c) after the definition of "group auditor", insert -