Regulation 82 Amendment of Regulation 537/2014

In Article 7 (irregularities)—

(a)

in the first subparagraph—

(i)

for “Article 12 of this Regulation and Directive 2005/60/EC” substitute “relevant legislation”;

(ii)

omit “or an audit firm”;

(iii)

for “financial statements” substitute “accounts”;

(iv)

for “audited entity” in both places substitute “audited person”;

(v)

for “he. she or it” substitute “the statutory auditor”;

(b)

in the second subparagraph—

(i)

for “audited entity” substitute “audited person”;

(ii)

omit “or the audit firm”;

(c)

in the third subparagraph, omit “or the audit firm”;

(d)

after the third subparagraph, insert—

“In this Article, “relevant legislation” means—

(a)
any rules made under section 340 of the Financial Services and Markets Act 2000^f1;

(b)
the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001^f2;

(c)
the Money Laundering, Terrorist Financing and Transfer of Funds (Information on Payer) Regulations 2017;

(d)
sections 330(6), 330(7A), 333A and 342 of the Proceeds of Crime Act 2002;

(e)
sections 45 and 46 of the Criminal Finances Act 2017;

(f)
the Terrorism Act 2000.”.

Annotations

Footnotes

f1: 2000 c. 8.
f2: S.I. 2001/2587.