Article 21 Conditions of independence
United Kingdom
The F1competent authority shall be independent of statutory auditors F2....
The F3competent authority may consult experts, as referred to in point (c) of Article 26(1), for the purpose of carrying out specific tasks and may also be assisted by experts when this is essential for the proper fulfilment of their tasks. In such instances, the experts shall not be involved in any decision-making.
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The funding of F5the competent authority shall be secure and free from undue influence by statutory auditors F6....
Annotations
Textual amendments
- F1
Words in Art. 21 substituted (31.12.2020) by The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 96(a)(i); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Words in Art. 21 omitted (31.12.2020) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 96(a)(ii); 2020 c. 1, Sch. 5 para. 1(1)
- F3
Words in Art. 21 substituted (31.12.2020) by The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 96(b); 2020 c. 1, Sch. 5 para. 1(1)
- F4
Words in Art. 21 omitted (31.12.2020) by virtue of S.I. 2019/177, reg. 96(c) (as substituted by The International Accounting Standards, Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/335), regs. 1, 8)
- F5
Words in Art. 21 substituted (31.12.2020) by The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 96(d)(i); 2020 c. 1, Sch. 5 para. 1(1)
- F6
Words in Art. 21 omitted (31.12.2020) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 96(d)(ii); 2020 c. 1, Sch. 5 para. 1(1)
Notes on Title IV
Textual amendments
- F1
Words in Title 4 heading omitted (31.12.2020) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 94; 2020 c. 1, Sch. 5 para. 1(1)