# The Statutory Auditors and Third Country Auditors Regulations 2016, Paragraph 70


After paragraph 20 insert—
“Supplementary: funding of arrangements
20ZA. (1) This paragraph applies where, under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016, the competent authority has delegated the task of approving persons as eligible for appointment as statutory auditors to a body (“B”).
(2) B must pay the costs incurred by—
(a) the competent authority in carrying out activities mentioned in paragraphs 9 to 10C, 12, 13 and 16, or
(b) another recognised supervisory body, in carrying out those activities as a result of the competent authority delegating a task to the other body,
in relation to any statutory auditor bound by B’s rules.”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111147047/schedule/3/paragraph/70 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-regulations-2016/schedule-3/paragraph-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.