Paragraph 90 Amendments to the Companies Act 2006I1
United Kingdom
Schedule 10 to the Companies Act 2006 (recognised supervisory bodies)f1 is amended as follows.
In paragraph 6 (holding of appropriate qualification)f2—
in sub-paragraph (1A), omit the “or” following paragraph (a);
after sub-paragraph (1A)(b)(iii), insert—
“, or
(c)the individual is a specified state auditor who—
(i)holds professional qualifications obtained in a specified state that are comparable to an appropriate qualification, and
(ii)has met a requirement to take an aptitude test or to complete an adaptation period, or to undertake both, imposed on the individual by the body in accordance with Part 2 of the Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023, if such a requirement is so imposed.”.
In paragraph 20A (interpretation)f3, in subparagraph (1), after the definition of “public interest entity”, insert—
““specified state” means one of the states specified in Schedule 1 to the Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023;
“specified state auditor” means an individual who is eligible to conduct audits of the accounts of bodies corporate that are incorporated or formed under the law of a specified state in accordance with the law of that state;”.
Annotations
Commencement
- I1
Sch. 3 para. 90 in force at 1.12.2023, see reg. 1
Footnotes
- f1
- f2
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Paragraph 6(1A) was inserted by S.I. 2016/649, and amended by S.I. 2019/177 and 1392 and 2020/523.
- f3
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Relevant amending instruments are S.I. 2016/649 and 2019/177.