Paragraph 5 Article 257D (the reporting accountant)I1

United Kingdom

(1)

Article 257D of the Companies (Northern Ireland) Order 1986 is adapted as follows.

(2)

In paragraph (1)(b)—

(a)

in paragraph (i), for “auditor under Chapter V of Part XII” substitute “statutory auditor under Part 42 of the Companies Act 2006”, and

(b)

in paragraph (ii), for “appointment as auditor under that Chapter” substitute “such appointment”.

(3)

In paragraph (2), for “Part III of the Companies (Northern Ireland) Order 1990” substitute “Part 42 of the Companies Act 2006”.

(4)

In paragraph (3), for “Article 29 of the Companies (Northern Ireland) Order 1990” substitute “section 1216 of the Companies Act 2006”.

(5)

For paragraph (5) substitute—

“(5)
A person may not be appointed by a company as a reporting accountant if he would be prohibited from acting as auditor of that company by virtue of section 1214 of the Companies Act 2006 (independence requirement).”.

Annotations

Commencement

I1: Sch. 2 para. 5 in force at 6.4.2008, see art. 2(3)