[494A Interpretation]
[494A Interpretation]
Companies Act 2006 | Legislation

[In this Chapter—

“audit committee” means a body which performs the functions referred to in Article 39(6) of the Audit Directive or equivalent functions;

[“audit committee” means a body which performs—

(a)     the functions referred to in—

(i)     rule 7.1.3 of the Disclosure Guidance and Transparency Rules sourcebook made by the Financial Conduct Authority (audit committees and their functions) under the Financial Services and Markets Act 2000, or

(ii)     rule 2.4 of the Audit Committee Part of the Rulebook made by the Prudential Regulation Authority (audit committee) under that Act,as they have effect on exit day, or

(b)     equivalent functions.]

“Audit Directive” means Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC;

“Auditor General” means—

(a)     the Comptroller and Auditor General,

(b)     the Auditor General for Scotland,

(c)     the Auditor General for Wales, or