Company Law Reform Bill [HL]

moved Amendment No. 370:"After Clause 514, insert the following new clause—" ““MEANING OF ““APPROPRIATE AUDIT AUTHORITY”” AND ““MAJOR AUDIT”” (1)   In sections (Duty of auditor to notify appropriate audit authority), (Duty of company to notify appropriate audit authority) and 514 ““appropriate audit authority”” means— (a)   in the case of a major audit, the Secretary of State or the body to whom the Secretary of State has delegated functions under section 846 or 847 of this Act; (b)   in the case of an audit that is not a major audit, the relevant supervisory body. (2)   In sections (Duty of auditor to notify appropriate audit authority) and this section ““major audit”” means a statutory audit conducted in respect of— (a)   a company any of whose securities have been admitted to the official list (within the meaning of Part 6 of the Financial Services and Markets Act 2000 (c. 8)), or (b)   any other person in whose financial condition there is a major public interest. (3)   In determining whether an audit is a major audit within subsection (2)(b), regard shall be had to any guidance issued by any of the authorities mentioned in subsection (1).”” On Question, amendment agreed to. Clause 515 [Effect of casual vacancies]: