Paragraph 1

In this Schedule—

• “A” means a person appointed as a statutory auditor,

• “key audit partner” means—

  1. (a)

     the statutory auditor designated by an audit firm for a particular audit engagement as being primarily responsible for carrying out the statutory audit on behalf of the audit firm; or

  2. (b)

     in the case of a group audit, the statutory auditor designated by an audit firm as being primarily responsible for carrying out the statutory audit at the level of the group and the statutory auditor designated at the level of material subsidiaries; or

  3. (c)

     the statutory auditor who signs the audit report,

• “relevant requirement” has the same meaning as in regulation 5.