Regulation 23 Amendment of Part 42 of the Companies Act 2006

In section 1253E (working arrangements for transfer of papers)^f1—

(a)

in subsection (4)—

(i)

in paragraph (a), for “Article 29 of the Audit Directive (quality assurance)” substitute “regulation 9 of the Statutory Auditors and Third Country Auditors Regulations 2016^f2”;

(ii)

in paragraph (b), for “Article 30 of the Audit Directive (investigations and penalties)” substitute “regulations 5 to 8 and 10 of the Statutory Auditors and Third Country Auditors Regulations 2016”;

(iii)

in paragraph (c), for “Article 32 of the Audit Directive (principles of public oversight)” substitute “regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016”;

(b)

in subsection (7), omit “of the European Union or”;

(c)

omit subsections (8)^f3 and (9).

Annotations

Footnotes

f1: Section 1253E was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 3 of S.I. 2010/2537.
f2: S.I. 2016/649.
f3: Subsection (8) was amended by paragraph 49(2) of Schedule 3 to S.I. 2016/649 and regulation 13(6) of S.I. 2017/516.