# The Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012, Article 7: Transfer of functions

Extent: E+W+S+N.I.

(1) The designated body is designated for the purpose of enabling it to exercise functions of the Secretary of State under Part 42 of the Act (statutory auditors).
(2) The functions of the Secretary of State under—
(a) section 1210(1)(h) of the Act (meaning of “statutory auditor” etc),
(b) section 1214(4) of the Act (power to specify connection between persons for purposes of independence requirement),
(c) section 1231(2)(a) (receipt of report by independent supervisor of auditors general),
(d) section 1231(3) of the Act (laying report by independent supervisor of auditors general before each House of Parliament),
(e) section 1237(3) of the Act (provision for pending proceedings in order revoking appointment of independent supervisor),
(f) section 1239(1)(b) of the Act (making regulations for register of third country auditors),
(g) section 1246 of the Act (regulations conferring power to remove third country auditors from the register of auditors),
(h) section 1261(3) of the Act (power to modify Part 42 of the Act (statutory auditors) for purposes of application to certain bodies), ...
(i) section 1263 of the Act (power to amend enactments in consequence of changes affecting accountancy bodies),
(j) section 1240A(1) of the Act (power to approve third countries as equivalent or transitional third countries), and
(k) section 1240B(1) of the Act (power to approve third country competent authorities),
are not transferred by this Order.
(3) The transfer of the functions of the Secretary of State under—
(a) section 1224 of the Act (power to call for information from recognised bodies etc),
(b) section 1239(8) of the Act (obligations relating to register enforceable by injunction etc),
(c) section 1244 of the Act (power to call for information from registered third country auditors),
(d) section 1253A of the Act (requests to foreign competent authorities), and
(e) section 1254 of the Act (directions to comply with international obligations),
is subject to the reservation that these functions remain exercisable concurrently by the Secretary of State.
(4) The transfer of the functions of the Secretary of State of—
(a) refusing to make a declaration under section 1221(1) of the Act (approval of third country qualification) on the grounds referred to in section 1221(4) (lack of comparable treatment),
(b) withdrawing such a declaration under section 1221(7) of the Act on those grounds,
(c) refusing to comply with a request under section 1253B(1) of the Act (requests from approved third country competent authorities) on the grounds referred to in section 1253B(3)(a) (prejudice to sovereignty, security or public order), and
(d) refusing a request, or directing a statutory auditor to refuse a request, from a third country competent authority in a case referred to in section 1253E(7)(a) of the Act (prejudice to sovereignty, security or public order),
is subject to the reservation that these functions are exercisable only with the consent of the Secretary of State.
(5) The transfer of the function of the Secretary of State under section 1241(2)(c) of the Act (order to exclude bodies corporate from definition of “UK-traded third country company”) is subject to the reservations that this function remains exercisable concurrently by the Secretary of State and is exercisable by the designated body only with the consent of the Secretary of State.
(6) In this article—
(a) the reference in paragraph (1) to the functions of the Secretary of State under Part 42 of the Companies Act 2006 includes a reference to functions which have been amended by the Statutory Auditors and Third Country Auditors Regulations 2016 , the Statutory Auditors Regulations 2017 and the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019; and
(b) references to provisions of the Companies Act 2006 in paragraphs (2) to (5) include amendments made to those provisions by the Statutory Auditors and Third Country Auditors Regulations 2016 , the Statutory Auditors Regulations 2017 and the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019.

---
Source: https://www.legislation.gov.uk/uksi/2012/1741/article/7 (the official version)
Page: https://openlegislation.uk/statutory-auditors-amendment-of-companies-act-2006-and-delegation-of-functions-etc-order-2012/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.