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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations prescribe the subjects listed in the Schedule as the subjects which are relevant for the purposes of paragraph 7 of Schedule 12 to the Companies Act 1989. That paragraph provides that a qualification may not be recognised for the purposes of Part II of the Companies Act 1989 (Eligibility for Appointment as Company Auditor) unless it is restricted to persons who have passed an examination testing subjects prescribed for the purposes of the paragraph.

The regulations also complete the legislative implementation of the obligations imposed by Article 6 of Directive 84/253/EEC (No. L126/20) on the approval of persons responsible for carrying out the statutory audits of accounting documents.