# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018, Regulation 80: Amendment of Regulation 537/2014


In Article 5 (prohibition of the provision of non-audit services)—
(a) in paragraph 1, in the first subparagraph—
(i) omit “or an audit firm”;
(ii) omit “or the audit firm”;
(iii) for “audited entity” substitute “audited person”;
(iv) after “parent undertaking” insert “(incorporated or formed in any part of the United Kingdom)”;
(v) for “controlled undertakings” substitute “subsidiary undertakings”;
(vi) omit “within the Union”;
(vii) in point (a), for “period audited” substitute “financial year of the accounts to be audited”;
(viii) in point (b), for “the period referred to in point (a)” substitute “that period”;
(b) in paragraph 1, in the second subparagraph—
(i) in point (a)(iv), omit “or the audit firm”;
(ii) in point (a)(v), omit “or the audit firm”;
(iii) in point (b), for “audited entity” substitute “audited person”;
(iv) in point (c), for “financial statements” substitute “accounts”;
(v) in point (g)(ii), for “audited entity” substitute “audited person”;
(vi) in point (h), for “audited entity’s” substitute “audited person’s”;
(vii) in point (i)—
(aa) for “audited entity” in both places substitute “audited person”;
(bb) for “financial statements” substitute “accounts”;
(viii) in point (j), for “audited entity” substitute “audited person”;
(ix) in point (k)(i), for “financial statements” substitute “the accounts”;
(c) omit paragraph 2;
(d) in paragraph 4, in the first subparagraph—
(i) omit “or an audit firm”;
(ii) omit “or the audit firm”;
(iii) for “audited entity” substitute “audited person”;
(iv) after “parent undertaking” insert “(incorporated or formed in any part of the United Kingdom)”;
(v) for “controlled undertakings” substitute “subsidiary undertakings”;
(vi) for “Article 22b of Directive 2006/43/EC” substitute “paragraph 8 of Schedule 1 to the Statutory Auditors and Third Country Auditors Regulations 2016”;
(e) in paragraph 4, omit the second subparagraph;
(f) omit paragraph 5.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174333/regulation/80 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-80
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.