# The Statutory Auditors and Third Country Auditors Regulations 2016, Regulation 12: Contractual terms restricting choice of auditor


(1) This regulation applies to any term in a contract which, in relation to the conduct of a statutory audit of an audited person, has the effect of restricting the audited person’s choice of statutory auditor to certain categories or lists of statutory auditors.
(2) A term to which this regulation applies shall have no effect.
(3) Paragraph (2) does not apply where the audited person is a public interest entity.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111147047/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-regulations-2016/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.