# The Insurance Companies (Accounts and Statements) Regulations 1996, Regulation 32: Qualifications of auditor


(1) For the purposes of section 21 of the Act (audit of accounts), it is hereby prescribed that the description of the person qualified to audit the accounts and statements of a company under regulation 29 above shall be a person who would be eligible for appointment as a company auditor to that company under Part II of the Companies Act 1989 or Part III of the Companies (Northern Ireland) Order 1990 (eligibility for appointment) if they were the accounts prepared under section 226 of the 1985 Act or under article 234 of the 1986 Order of a company within the meaning of that Act or that Order.
(2) Notwithstanding paragraph (1) above, a person to whom section 34(1) of the Companies Act 1989 (eligibility of individuals retaining only 1967 Act authorisation) applies shall not be qualified to audit the accounts and statements of a company under regulation 29 above.

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Source: https://www.legislation.gov.uk/uksi/1996/943/regulation/32 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-regulations-1996/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.