# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018, Regulation 96: Amendment of Regulation 537/2014


In Article 21 (conditions of independence)—
(a) in the first subparagraph—
(i) for “competent authorities” substitute “competent authority”;
(ii) omit “and audit firms”;
(b) in the second subparagraph, for “competent authorities” substitute “competent authority”;
(c) in the third subparagraph—
(i) for “those authorities” substitute “the competent authority”;
(ii) for point (b), substitute—
“(b) has held voting rights in a firm which was a statutory auditor”;
(iii) in point (c)—
(aa) omit “administrative,”;
(bb) omit “or supervisory”;
(cc) for “an audit firm” substitute “a firm which was a statutory auditor”;
(iv) in point (d), for “an audit firm” substitute “a firm which was a statutory auditor”;
(d) in the fourth subparagraph—
(i) for “those authorities” substitute “the competent authority”;
(ii) omit “and audit firms”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174333/regulation/96 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-96
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.