{
  "url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-106",
  "json_url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-106.json",
  "legislation": "ukdsi/2018/9780111174333",
  "legislation_title": "The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018",
  "path": "regulation/106",
  "kind": "regulation",
  "number": "106",
  "heading": "Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016",
  "text": "In regulation 3 (the competent authority)—\n(a) in paragraph (2)(b), for “paragraph (5)” substitute “paragraphs (5), (5A) and (5B)”;\n(b) after paragraph (5), insert—\n“(5A) Any delegation under paragraph (2) of the competent authority’s responsibilities under sub-paragraphs (k), (l) or (m) of paragraph (1) must not prejudice the competent authority’s ability to initiate and conduct an inspection or investigation of audit work by a statutory auditor itself, where necessary, and to take appropriate action.\n(5B) In determining the delegation of tasks, the competent authority must ensure that conflicts of interest are avoided.”;\n(c) after paragraph (13), insert—\n“(14) The members of the management body of the competent authority must be individuals who—\n(a) are knowledgeable in the areas relevant to statutory audit;\n(b) are selected in accordance with an independent and transparent nomination procedure;\n(c) during their period in office are non-practitioners, and in the three years preceding their appointment were non-practitioners.\n(15) In paragraph (14), a “non-practitioner” is a person who is not—\n(a) carrying out statutory audit work;\n(b) a member of the ownership or management body of a firm that is eligible for appointment as a statutory auditor;\n(c) employed by or otherwise associated with a firm that is eligible for appointment as a statutory auditor.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111174333/regulation/106",
    "retrieved_at": "2026-10-30T15:03:27.721578+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}