Paragraph 36 European Grouping of Territorial Co-operation Regulations 2007 (S.I. 2007/1949)

For regulation 6(5) of the European Grouping of Territorial Co-operation Regulations 2007 substitute—

“(5)

The auditor of a UK EGTC must be a person who—

(a)

is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006, and

(b)

if the appointment were an appointment as a statutory auditor, would not be prohibited from acting by section 1214 of that Act (independence requirement).”.