Regulation 2 Approved person

A person is specified as an approved person for the purposes of section 123D of and paragraph 4 (7) of Schedule 9A to the Transport Act 2000 if that person is either—

In this regulation—

• “accountant” means a member of—

  1. (a)

     the Association of Chartered Certified Accountants,

  2. (b)

     the Institute of Chartered Accountants of Scotland,

  3. (c)

     the Institute of Chartered Accountants in England and Wales,

  4. (d)

     the Chartered Institute of Public Finance and Accountancy, or

  5. (e)

     the Chartered Institute of Management Accountants;

• “auditor” means a person eligible for appointment as a local auditor by virtue of Chapter 2 of Part 42 of the Companies Act 2006^f1 as modified by Schedule 5 to the Local Audit and Accountability Act 2014^f2;

• “senior transport professional” means a person who—

  1. (a)

     holds or has held a position with responsibility for the strategic leadership or oversight of the design, delivery or analysis of transport policy, projects or systems,

  2. (b)

     has experience in the management of multi-disciplinary or multi-stakeholder projects relating to the transport sector, and

  3. (c)

     in the course of a business or profession, or in the exercise of a function of a public nature, is or has been responsible for—

     1. (i)

        the preparation of reports which set out findings and recommendations, and

     2. (ii)

        the financial appraisal of transport policy, projects or systems.