Sch 3 para 26
(1) Section 519A (meaning of “public interest company”, “non-public interest company” and “exempt reasons”) is amended as follows. (2) In subsection (1) for the definition of “public interest company” substitute— “ public interest company ” means a company which is— (a) an issuer whose transferable securities are admitted to trading on a regulated market; (b) a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council , other than one listed in Article 2 of Directive 2013/36/EU of the European Parliament and of the Council on access to the activity of credit institutions and investment firms ; or (c) an insurance undertaking within the meaning given by Article 2(1) of Council Directive 1991/674/EEC of the European Parliament and of the Council on the annual accounts and consolidated accounts of insurance undertakings ; (3) For subsection (2) substitute— (2) For the purposes of the definition of “public interest company”— “ issuer ” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 102A(6) ); “ regulated market ” has the same meaning as in Part 6 of the Financial Services and Markets Act 2000 (see section 103(1) ); “ transferable securities ” means anything which is a transferable security for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments .