Paragraph 32

Section 1223A is amended as follows.

For subsection (1), substitute—

“(1)

A recognised supervisory body must notify the Secretary of State—

(a)

if a notifiable person becomes eligible for appointment as a statutory auditor, unless the notifiable person is an individual;

(b)

if a notifiable person’s eligibility for appointment as a statutory auditor is withdrawn;

(c)

of the reasons for any such withdrawal.”.