Paragraph 7
For section 41 (qualified auditors) substitute—
“Qualified auditors
41References in this Act to a qualified auditor, in relation to a society, are to a person who—
(a)is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006, and
(b)is not prohibited from acting as statutory auditor of the society by virtue of section 1214 of that Act (independence requirement).”.
Notes on Schedule 2
Textual amendments
- F1
Words in Sch. 2 heading substituted (with effect in accordance with reg. 2(4) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 2 para. 16(a) (with reg. 2(6)(7))