Article 3 Transitory provision

In the period until there is a recognised supervisory body within the meaning in the Local Audit and Accountability Act 2014^f1, the reference to the recognised supervisory bodies in section 32(3)(c) of that Act is to be treated as a reference to the bodies that are recognised supervisory bodies for the purposes of section 1217(4) of, and Schedule 10 to, the Companies Act 2006^f2 as they have effect in relation to statutory audit.