Paragraph 3

Section 461 (permitted disclosure of information obtained under compulsory powers)^f1 is amended as follows.

In subsection (4), for paragraph (aa)^f2 substitute—

“(aa)

for the purpose of assisting the competent authority to exercise its functions under the Statutory Auditors and Third Country Auditors Regulations 2016^f3 and under the Audit Regulation;”.