OpenLegislation

The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2018, ISBN 9780111174333

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before Parliament under paragraph 2(2) of Schedule 2 to the European Communities Act 1972, section 17(6) of the Limited Liability Partnerships Act 2000, section 18A(8) of the Companies (Audit, Investigations and Community Enterprise) Act 2004, sections 484(3), 1252(11) and 1290 of the Companies Act 2006 and paragraphs 1(1), 15 and 38(1) to (3) of Schedule 7 to the European Union (Withdrawal) Act 2018, for approval by resolution of each House of Parliament.

Exiting The European Union

Auditors

Made ***

Coming into force in accordance with regulation 2

The Secretary of State makes these Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972f1 (“the 1972 Act”), sections 15 and 17 of the Limited Liability Partnerships Act 2000f2 (“the 2000 Act”), section 18A of the Companies (Audit, Investigations and Community Enterprise) Act 2004f3 (“the 2004 Act”), sections 484(1), 519A(5), 1239(1)(b), (2) and (5)(d), 1241(2)(c), 1246(1), 1252(1), (4)(a) and (8) and 1292(1) and (2) of the Companies Act 2006f4 (“the 2006 Act”) and sections 8(1) and 23(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018f5 (“the 2018 Act”).

The Secretary of State is a Minister designatedf6 for the purposes of section 2(2) of the 1972 Act in relation to auditors and the audit of accounts.

In accordance with paragraph 2(2) of Schedule 2 to the 1972 Act, section 17(6) of the 2000 Act, section 18A(8) of the 2004 Act, sections 484(3), 1252(11) and 1290 of the 2006 Act, and paragraphs 1(1), 15 and 38(1) to (3) of Schedule 7 to the 2018 Act, a draft of this instrument has been laid before Parliament and approved by a resolution of each House of Parliament.

Annotations to the whole text

Footnotes

f1

1972 c. 68. Section 2(2) was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7).

f2

2000 c. 12.

f3

2004 c. 27.

f4

2006 c. 46.

f5

2018 c. 16.

f6

S.I. 2007/1679.

Contents

  1. Part 1: Introduction
  2. 1Citation and commencement
  3. 2Citation and commencement
  4. Part 2: Amendment of primary legislation
  5. Chapter 1: Part 16 of the Companies Act 2006
  6. 3Amendment of Part 16 of the Companies Act 2006
  7. 4Amendment of Part 16 of the Companies Act 2006
  8. 5Amendment of Part 16 of the Companies Act 2006
  9. 6Amendment of Part 16 of the Companies Act 2006
  10. 7Amendment of Part 16 of the Companies Act 2006
  11. 8Amendment of Part 16 of the Companies Act 2006
  12. 9Amendment of Part 16 of the Companies Act 2006
  13. Chapter 2: Part 42 of the Companies Act 2006
  14. 10Amendment of Part 42 of the Companies Act 2006
  15. 11Amendment of Part 42 of the Companies Act 2006
  16. 12Amendment of Part 42 of the Companies Act 2006
  17. 13Amendment of Part 42 of the Companies Act 2006
  18. 14Amendment of Part 42 of the Companies Act 2006
  19. 15Amendment of Part 42 of the Companies Act 2006
  20. 16Amendment of Part 42 of the Companies Act 2006
  21. 17Amendment of Part 42 of the Companies Act 2006
  22. 18Amendment of Part 42 of the Companies Act 2006
  23. 19Amendment of Part 42 of the Companies Act 2006
  24. 20Amendment of Part 42 of the Companies Act 2006
  25. 21Amendment of Part 42 of the Companies Act 2006
  26. 22Amendment of Part 42 of the Companies Act 2006
  27. 23Amendment of Part 42 of the Companies Act 2006
  28. 24Amendment of Part 42 of the Companies Act 2006
  29. 25Amendment of Part 42 of the Companies Act 2006
  30. 26Amendment of Part 42 of the Companies Act 2006
  31. Chapter 3: Schedules 10, 11, 11A and 12 to the Companies Act 2006
  32. 27Amendment of Schedule 10 to the Companies Act 2006
  33. 28Amendment of Schedule 10 to the Companies Act 2006
  34. 29Amendment of Schedule 10 to the Companies Act 2006
  35. 30Amendment of Schedule 10 to the Companies Act 2006
  36. 31Amendment of Schedule 10 to the Companies Act 2006
  37. 32Amendment of Schedule 10 to the Companies Act 2006
  38. 33Amendment of Schedules 11, 11A and 12 to the Companies Act 2006
  39. 34Amendment of Schedules 11, 11A and 12 to the Companies Act 2006
  40. 35Amendment of Schedules 11, 11A and 12 to the Companies Act 2006
  41. 36Amendment of Schedules 11, 11A and 12 to the Companies Act 2006
  42. Chapter 4: Amendment of other primary legislation
  43. 37Amendment of the Building Societies Act 1986
  44. 38Amendment of the Building Societies Act 1986
  45. 39Amendment of the Friendly Societies Act 1992
  46. 40Amendment of the Friendly Societies Act 1992
  47. 41Amendment of the Companies (Audit, Investigations and Community Enterprise) Act 2004
  48. 42Amendment of the Companies (Audit, Investigations and Community Enterprise) Act 2004
  49. 43Amendment of the Companies (Audit, Investigations and Community Enterprise) Act 2004
  50. 44Amendment of the Local Audit and Accountability Act 2014
  51. 45Amendment of the Local Audit and Accountability Act 2014
  52. Part 3: Amendment of subordinate legislation
  53. 46Amendment of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
  54. 47Amendment of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
  55. 48Amendment of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
  56. 49Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  57. 50Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  58. 51Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  59. 52Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  60. 53Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  61. 54Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  62. 55Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
  63. 56Amendment of the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012
  64. 57Amendment of the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012
  65. 58Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  66. 59Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  67. 60Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  68. 61Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  69. 62Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
  70. 63Amendment of the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016
  71. 64Amendment of the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016
  72. 65Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  73. 66Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  74. 67Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  75. 68Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  76. 69Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  77. 70Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  78. 71Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  79. 72Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  80. 73Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  81. 74Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  82. Part 4: Amendment of retained direct EU legislation
  83. 75Amendment of Regulation 537/2014
  84. 76Amendment of Regulation 537/2014
  85. 77Amendment of Regulation 537/2014
  86. 78Amendment of Regulation 537/2014
  87. 79Amendment of Regulation 537/2014
  88. 80Amendment of Regulation 537/2014
  89. 81Amendment of Regulation 537/2014
  90. 82Amendment of Regulation 537/2014
  91. 83Amendment of Regulation 537/2014
  92. 84Amendment of Regulation 537/2014
  93. 85Amendment of Regulation 537/2014
  94. 86Amendment of Regulation 537/2014
  95. 87Amendment of Regulation 537/2014
  96. 88Amendment of Regulation 537/2014
  97. 89Amendment of Regulation 537/2014
  98. 90Amendment of Regulation 537/2014
  99. 91Amendment of Regulation 537/2014
  100. 92Amendment of Regulation 537/2014
  101. 93Amendment of Regulation 537/2014
  102. 94Amendment of Regulation 537/2014
  103. 95Amendment of Regulation 537/2014
  104. 96Amendment of Regulation 537/2014
  105. 97Amendment of Regulation 537/2014
  106. 98Amendment of Regulation 537/2014
  107. 99Amendment of Regulation 537/2014
  108. 100Amendment of Regulation 537/2014
  109. 101Amendment of Regulation 537/2014
  110. 102Amendment of Regulation 537/2014
  111. 103Amendment of Regulation 537/2014
  112. 104Amendment of Regulation 537/2014
  113. Part 5: Amendments made under section 2(2) of the European Communities Act 1972
  114. 105Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  115. 106Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  116. 107Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016
  117. Part 6: Approval of Equivalent Third Countries, Transitional Third Countries and Third Country Competent Authorities
  118. 108Approval of Equivalent Third Countries and Transitional Third Countries
  119. 109Approval of Third Country Competent Authorities
  120. Part 7: Revocations
  121. 110Revocation of retained direct EU legislation
  122. Part 8: Transitional provisions
  123. 111Transitional provisions
  124. Signature
  125. Schedule 1: Approval of Equivalent Third Countries and Transitional Third Countries
  126. 1Equivalent third countries
  127. 2Transitional third countries
  128. Schedule 2: Approval of Third Country Competent Authorities
  129. 1Approved third country competent authorities
  130. Schedule 3: Revocation of retained direct EU legislation
  131. 1Paragraph 1
  132. Schedule 4: Transitional provisions
  133. 1Paragraph 1
  134. 2Paragraph 2
  135. 3Paragraph 3
  136. 4Paragraph 4
  137. Explanatory note