Regulation 5 Amendment to regulation 23

after paragraph (1B) insert—

“(1C)

A manufacturer or supplier who provides a presentation report to the Secretary of State in accordance with Schedule 1 or Schedule 3 must, at the same time as providing an audited sales report, provide the Secretary of State with—

(a)

a statement from the manufacturer or supplier that the most recently submitted presentation report has been subject to procedures agreed between the manufacturer or supplier and a qualified independent auditor in accordance with an applicable related services standard; and

(b)

the relevant report of the qualified independent auditor produced in accordance with the applicable related services standard.”; and

in paragraph (2), omit “and” after the definition of “applicable auditing standards” and insert the following definition in the appropriate place—

• ““applicable related services standard” means any relevant International Standard on Related Services recognised by, or equivalent standard produced by, the Financial Reporting Council Limited^f1; and”.