Clause 4

in subsection (1), after the definition of “accounting corporation”, insert —“ “accounting entity” means an accounting corporation, accounting firm or accounting LLP;”;

in subsection (1), after the definition of “Complaints Committee”, insert —“ “constitution”, in relation to a company, has the meaning given by section 4(1) of the Companies Act 1967;”;

in subsection (1), after the definition of “identification”, insert —“ “individual practitioner”, in relation to an accounting entity, means —

in the case of an accounting corporation or accounting LLP — a corporate practitioner; or

in the case of an accounting firm — a public accountant who is —

a partner or an employee of the accounting firm; and

practising as a public accountant in the accounting firm;”;

in subsection (1), after the definition of “professional indemnity insurance”, insert —“ “proliferation financing” means the financing of the proliferation of weapons of mass destruction;”; and

in subsection (3), replace “15(6)” with “15(8)”.